The S-curve graphically illustrates:
A) the relationship between the rate at which capital gets worn out and time.
B) the relationship between educational attainment levels and technological progress.
C) the relationship between the diffusion of technology and time.
D) the relationship between saving rates and technological progress.

Question

Quizplus · Accepted Answer

The S-curve graphically illustrates the relationship between the diffusion of technology and time. It shows how a new technology starts slowly and then experiences rapid adoption as it becomes more widely known and accepted, eventually reaching saturation as most potential adopters have already adopted it.

The S-Curve Graphically Illustrates