An economy that uses new technology .
A) has its PPF shift inward because more unemployment is created
B) does not incur an opportunity cost because everyone can use new technology
C) experiences economic growth but incurs an opportunity cost
D) moves along its PPF and incurs an opportunity cost

Question

Quizplus · Accepted Answer

New technology can lead to economic growth by increasing productivity, which shifts the PPF outward. However, there is still an opportunity cost as resources must be allocated to develop and implement the new technology.

An Economy That Uses New Technology