Technological change
A) creates inefficiency.
B) shifts the PPF leftward.
C) generates economic growth.
D) Both answers A and C are correct.

Question

Quizplus · Accepted Answer

Technological change generates economic growth by increasing productivity, lowering production costs, and expanding the potential output of an economy. It enables businesses to create new products and services, enhance existing ones, and improve efficiency, which ultimately leads to economic growth. Therefore, option A is incorrect, and option B is irrelevant as the PPF shifts outward due to increased productivity and technological advancement, not inward.

Technological Change