Which of the Following Represents a Dimension of Technological Progress

question 48

Multiple Choice

Which of the following represents a dimension of technological progress?

• A)larger quantities of output for given quantities of capital and labor
• B)better products
• C)a larger variety of products
• D)new products
• E) all of the above

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Definitions:

Organized Patterns

Predetermined or structured ways in which elements are arranged, leading to predictable outcomes.

Situation

The set of all external and internal factors that are present at a given time and place, influencing an individual's actions and decisions.

Information-processing Approach

A model in psychology that describes cognition as the processing of information through a system that works similarly to a computer.

Computer

An electronic device capable of processing, storing, and displaying information for various tasks.