Examlex
Which of the following statements is false?
Technological Advance
The development and application of innovative processes, equipment, or software that enhances productivity, efficiency, or quality.
Farmers
Individuals or entities engaged in the activity of agriculture, which includes the cultivation of plants and rearing of animals for food, fiber, biofuel, medicines, and other products used to sustain and enhance human life.
Optimal Allocation
The most efficient distribution of resources within an economy to maximize the output or welfare.
MB = MC
A principle in economics indicating the optimal level of output or consumption, where the marginal benefit (MB) equals the marginal cost (MC).
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