Technology spillover is one type of
A)negative externality.
B)positive externality.
C)subsidy.
D)producer surplus.

Question

Quizplus · Accepted Answer

Technology spillover is a positive externality because it occurs when the knowledge, skills, or technology used by one firm spills over to benefit another firm without any compensation. This creates a positive effect on the receiving firm, increasing their productivity or efficiency, for example, which can ultimately benefit society as a whole.

Technology Spillover Is One Type of