When We Change Technology,we May Also Be Changing the Level

question 36

Multiple Choice

When we change technology,we may also be changing the level of __________ in carrying out the activity.

• A)risk
• B)money
• C)time
• D)all of the above

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Definitions:

Normative Economic

An aspect of economics that examines values or judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal.

Economic Analysis

The systematic approach to determining the optimal use of scarce resources, involving comparison of costs and benefits.

Consumers

Individuals or entities that purchase goods and services for personal use or consumption, driving demand in the economy.