Which of the Following Is True About Technological Innovation After

question 66

Multiple Choice

Which of the following is true about technological innovation after World War II?

• A) It gave rise to an economic expansion and increased productivity.
• B) It changed the way people lived, worked, and played.
• C) It increased the power of industrialized nations relative to the developing world.
• D) It intensified environmental destruction.
• E) all of the above

---

Definitions:

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors influence economic decisions of individuals and institutions.

Stock Portfolio

A collection of stocks that an individual or institution holds, representing investments across one or more types of stock, sectors, or industries.

Positive Utility

The benefit or satisfaction gained from the consumption of goods or services that contribute to an individual's well-being and happiness.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision, which can lead to biases.