An Advance in Technology Allows a Firm to Produce ________

question 66

Multiple Choice

An advance in technology allows a firm to produce ________ output with ________ resources.

• A) the same; more
• B) more; the same
• C) less; fewer
• D) more; more
• E) the same; the same

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Definitions:

Pay Installments

To make payments for a good or service over a period of time in portions, rather than paying the full amount upfront.

Severance

An owner’s removal of chattel that he has affixed; separation or division of joint ownership; action by one of the co-owners that is inconsistent with joint tenancy.

Joint Ownership

Shared ownership of property by two or more parties where all owners have equal rights and obligations regarding the property.

Right Of Way

A type of easement that allows the crossing of another’s land.