Improvements in technology provide benefits to:
A) consumers, through lower prices.
B) workers, although some jobs may be eliminated.
C) firms, through lower production costs.
D) all of the above.

Question

Quizplus · Accepted Answer

Improvements in technology often lead to lower production costs for firms, which can result in lower prices for consumers. While some jobs may be eliminated as a result of automation and other technological advancements, many new jobs are also created in the fields of technology and innovation. Therefore, improvements in technology can benefit workers, firms, and consumers, making D the best choice.

Improvements in Technology Provide Benefits To