Which of the following best describes the impact of the implementation of a new technology in the economy?
A)It causes a substantial hardship on the whole labour force.
B)It creates economic, and therefore job growth.
C)It gets rid of structural unemployment.
D)It causes considerable job losses.

Question

Quizplus · Accepted Answer

The implementation of new technology can lead to economic growth because it can increase productivity and efficiency. This, in turn, can create new job opportunities, especially in industries related to technology development and production. However, it can also lead to job losses in industries that are being replaced by the new technology. Overall, the impact of technology on the economy depends on a variety of factors, including the level of investment, the rate of adoption, and the government policies in place.

Which of the Following Best Describes the Impact of the Implementation