Suppose a new way of producing fireworks is developed,using different chemicals that do not release as many hazardous heavy metals into the environment.Which type of innovation is this?
A) A quality-of-life innovation.
B) The creation of a new good or service.
C) A productivity-enhancing innovation.
D) Basic research.

Question

Quizplus · Accepted Answer

Technological advances that reduce pollution fall into the category of a quality-of-life innovation, but no new good has been created, and fireworks are not being produced at a lower cost.

Suppose a New Way of Producing Fireworks Is Developed,using Different