Technological change
A) creates inefficiency.
B) generates economic growth.
C) shifts the PPF leftward.
D) Both answers A and C are correct.

Question

Quizplus · Accepted Answer

Technological change is one of the key drivers of economic growth. It leads to increased productivity, creates new products and services, and opens up new markets. As a result, it generates economic growth and creates jobs. Option A is incorrect because technological change often leads to more efficiency, not less. Option C is incorrect because technological change shifts the PPF outward, not inward.

Technological Change