An understanding of the best ways to produce goods and services is called

A) human capital.
B) physical capital.
C) technology.
D) productivity.

Question

An understanding of the best ways to produce goods and services is calledA) human capital.B) physical capital.C) technology.D) productivity.

Allison Au-Yeung · Accepted Answer

Final Answer : C, Explanation :  Technology refers to the knowledge and techniques available to produce goods and services in the most efficient way.

Learning Objectives