Choose the one alternative that best completes the statement or
answers the question.
1) A firm increased its production and sales because the firm's manager rearranged the layout of
his factory floor. This is an example of
A) investment in human capital.
B) economies of scale.
C) positive technological change.
D) inspired management.
2) The difference between technology and technological change is that
3) Which of the following is a factor of production that generally is fixed in the short run?
4) Which of the following is the best example of a short-run adjustment?