Television would have been considered a "new good" type of innovation because
A) consumers already regularly listened to the radio for entertainment.
B) it had no equivalent in the past.
C) it gave companies a new source of advertising revenues.
D) it enhanced the quality of life for most people in the economy.

Question

Quizplus · Accepted Answer

The creation of new goods and services through technological change lets people do things they could not do before.

Television Would Have Been Considered a "New Good" Type of Innovation