The Difference Between Technology and Technological Change Is That

question 136

Multiple Choice

The difference between technology and technological change is that

• A)technology refers to the processes used by a firm to transform inputs into output while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs.
• B)technology is carried out by firms producing physical goods but technological change is an intellectual exercise into seeking ways to improve production.
• C)technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques.
• D)technology involves the use of capital equipment while technological change requires the use of brain power.

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Definitions:

Lupus

An autoimmune disease where the body's immune system mistakenly attacks healthy tissue, affecting skin, joints, kidneys, brain, and other organs.

Stress Hormones

Chemicals, like cortisol, released into the body in response to stress, affecting various bodily functions.

Bacterial and Viral Infections

Diseases caused by the invasion of the body by bacteria and viruses, leading to illness and requiring different methods of treatment.

Inflammation

A biological response to harmful stimuli, marked by redness, heat, swelling, and pain, which is part of the body's immune response.