Technology can enable producers to economize on:

a. labor
b. capital
c. land
d. any of the above.

d

Economics

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Refer to the scenario above. The real GDP of the country in Year 2 was ________

A) $32,000,000 B) $1,420,000 C) $240,000 D) $1,680,000

Economics

Refer to Figure 6-13. Which of the following price floors would be binding in this market?

a. $3
b. $4
C. $5
d. $6

Economics