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

Question

Quizplus · Accepted Answer

Technological change generates economic growth by allowing more output to be produced with the same amount of resources, effectively shifting the production possibilities frontier (PPF) outward, not leftward, and enhancing efficiency rather than creating inefficiency.

Technological Change