Technology and Economics

Question 5 of 17 • EAP-Economics and Personal Finance B

What is the best definition of technology?

Answer

Technology is replacing human workers with mechanical or electronic devices.

Technology is applying scientific knowledge to find answers and fix problems.

Technology is using fewer resources to manufacture goods more efficiently.

Technology is hiring workers from all over the world to manufacture goods.

Resources and Scarcity

Resources and Scarcity

Resources and Scarcity