Which of the following would constitute a technological improvement?(1 point)

Question

Responses

the discovery of a way to improve software speed that increases employee productivity
the discovery of a way to improve software speed that increases employee productivity

the purchase of additional capital that increases the total possible output of a firm
the purchase of additional capital that increases the total possible output of a firm

an employee learning new job skills to increase her work performance
an employee learning new job skills to increase her work performance

a firm reducing its prices to make itself more competitive in the market.

Answer 1

A technological improvement is generally considered to be an advancement or innovation that enhances efficiency, productivity, or capability through the use of technology. Among the options you provided, the following would constitute a technological improvement:

The discovery of a way to improve software speed that increases employee productivity.

This option directly relates to enhancing the technology used (software speed) which leads to better productivity, making it a clear example of technological improvement.

The other options, while potentially beneficial for productivity or competitiveness, do not specifically involve a technological advancement.