A nation that protects its workers from unemployment by limiting the use (by employers) of technological improvements will
A) grow more rapidly because the rate of unemployment will be lower.
B) grow more rapidly because investors prefer a stable business environment rather than the uncertainties that accompany technological change.
C) grow less rapidly because technological change is an important factor contributing to the growth of output.
D) grow just as much as nations that adopt more rapidly technological improvements.

Question

Quizplus · Accepted Answer

Technological change is a key driver of economic growth as it leads to increased productivity and efficiency. Limiting technological improvements can hinder growth by preventing these benefits.

A Nation That Protects Its Workers from Unemployment by Limiting