If Technology Improves, Then It Takes More Inputs to Produce

question 59

True/False

If technology improves, then it takes more inputs to produce the same output as the last period.

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Definitions:

Renewable Energy

Energy generated from natural processes that are continuously replenished, such as sunlight, wind, rain, tides, and geothermal heat.

Coal

Coal is a combustible black or brownish-black sedimentary rock used primarily as an energy source and for heating.

Oil

Triglyceride, usually of plant origin, that is composed of glycerol and three fatty acids and is liquid in consistency due to many unsaturated bonds in the hydrocarbon chains of the fatty acids.

Hydropower

The use of flowing or falling water to generate electrical energy.