Which of the following is true of modern technology?
A) Improvements in technology have propelled the production possibilities and living standards of people in North America, Western Europe, and several other parts of the world.
B) In low-income countries, proven technologies can be either emulated or imported at a low cost.
C) Often, perverse institutions and policies in low-income countries undermine the gains from improvements in technology.
D) All of the above.
Correct Answer:
Verified
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