Question
An understanding of the best ways to produce goods and services is called
a. physical capital.
b. productivity.
c. human capital.
d. technology.
a. physical capital.
b. productivity.
c. human capital.
d. technology.
Answers
GPT-4o mini
The correct answer is **d. technology.**
Technology refers to the application of scientific knowledge for practical purposes, especially in industry, which encompasses the best ways to produce goods and services.
Technology refers to the application of scientific knowledge for practical purposes, especially in industry, which encompasses the best ways to produce goods and services.