Economists Define Technology as

question 142

Multiple Choice

Economists define technology as

• A) machines such as computers.
• B) entrepreneurship.
• C) absolute advantage.
• D) society's knowledge concerning the production of goods.

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Definitions:

Fair Market Value

The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Federal Disaster

An event causing severe damage or distress, officially declared a disaster by the federal government to make federal assistance available.

Tax Return

A document filed with state or federal authorities that reports income, expenses, and other pertinent tax information.

Wild Fires

Uncontrolled fires in wildland areas, often exacerbated by drought, wind, and heat, causing extensive damage to ecosystems and property.