Technological knowledge
A)is the same thing as human capital.
B)can be discovered but it can never be kept secret.
C)is a determinant of productivity.
D)does not play a role in the relationship that economists call the production function.

Question

Quizplus · Accepted Answer

Technological knowledge is a determinant of productivity, as it refers to the knowledge and skills required to produce goods and services using advanced and efficient techniques and methods. This knowledge can be a significant factor in the production function, which shows how much output can be produced with a given set of inputs, including labor, capital, and technology. Technological knowledge can also be a source of competitive advantage, as firms that possess advanced technological knowledge can produce goods and services more efficiently and effectively than their competitors.

Technological Knowledge