Technology is best defined as
A) society's pool of applied knowledge concerning the production of goods and services.
B) the maximum output that can be obtained from a stock of physical capital.
C) output inside the production possibilities curve.
D) the utilization of more resources for the same amount of production.
A
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In addition to China's recent growth, the economic crisis in the U.S. and Europe beginning in 2008 further undermined the influence of
a. transnational advocacy networks. b. the Washington consensus. c. the poverty line. d. late, late developers.
One school of anti-trust thought argues that, rather than ensuring efficiency, anti-trust laws are really aimed at
A) protecting small independent firms against large corporations. B) outlawing all monopolies whether they perform "bad acts" or not. C) price differentiation due to differences in quality and cost. D) restricting interlocking directorates.