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Consumers directly benefit from greater productivity because of which of the following?

  • Question 22b of 25 - Technology and productivity

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Consumers directly benefit from greater productivity because of which of the following?
  • Answers:
  1. Older devices are replaced with newer versions more and more quickly.
  2. Fewer workers are needed to produce more goods and services.
  3. Goods and services are produced faster and can be sold more cheaply.
  4. The amount of natural resources needed to sustain human wants and needs decreases.

The correct answer is: Goods and services are produced faster and can be sold more cheaply. Greater productivity allows producers to

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