Which of the Following Technologies Will Have the Strongest Influence

question 7

Multiple Choice

Which of the following technologies will have the strongest influence on future generations?

• A) Gene editing
• B) In vitro fertilization (IVF)
• C) In utero surgery
• D) Genetic testing

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Definitions:

Scale

The size of a business or operation, which can impact its production cost, efficiency, and ability to compete in the market.

Returns to Scale

The variation in outcome that occurs when all inputs used in the manufacturing process are increased by the same proportion.

Production Function

A mathematical equation that describes the maximum amount of output a firm can produce with a given set of inputs.

Output Levels

Refers to the specific quantities of products or services generated by a business, sector, or economy during a specified period.