Technology is important because: (Please select all that apply.)
A) It always produces a higher standard of living
B) It has the potential to increase productivity
C) It can enable a country to shift out of the boundaries of its production possibilities
D) It enables the gap between rich and poor to narrow

Question

Quizplus · Accepted Answer

B) Technology can increase productivity by allowing more to be produced with the same amount of resources. C) By increasing productivity, technology can enable a country to produce beyond its previous limits, effectively shifting the production possibilities frontier outward.

Technology Is Important Because: (Please Select All That Apply