Which of the following is true about technological change?
A)It will shift down the per-worker production function.
B)It will shift up the per-worker production function.
C)It will move the economy to a point beneath the per-worker production function.
D)It will move the economy along a given per-worker production function.

Question

Quizplus · Accepted Answer

Technological change typically leads to improvements in productivity, which means that each worker can produce more output. This will shift up the per-worker production function, as it reflects the relationship between output and the amount of capital and labor used in production.

Which of the Following Is True About Technological Change