A sudden technological advance will generally result in
A) higher output and lower investment
B) higher output and higher investment
C) higher output but no impact on investment
D) no impact on output or investment
E) lower output

Question

Quizplus · Accepted Answer

A sudden technological advance will generally increase the efficiency and productivity of production processes, leading to higher output. However, the implementation of the new technology will require higher investment in equipment, training, and research and development. Thus, the best choice is B - higher output and higher investment.

A Sudden Technological Advance Will Generally Result in