An Economy That Uses New Technology

question 332

Multiple Choice

An economy that uses new technology .

• A) has its PPF shift inward because more unemployment is created
• B) does not incur an opportunity cost because everyone can use new technology
• C) experiences economic growth but incurs an opportunity cost
• D) moves along its PPF and incurs an opportunity cost

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Definitions:

Motivation

The inner drive or process that activates, guides, and maintains behavior towards achieving goals.

Expectancy Theory

A motivational theory suggesting that an individual's motivation is based on their expectations regarding outcomes of specific behaviors.

Motivation Levels

The intensity, direction, and persistence of effort a person shows in reaching a goal.

Components

The distinct parts or elements that make up a whole system or object.