Impacts of Technological Change

There are both positive and negative impacts of technological change. What is one negative impact?

• Cost are lowered

• Worker efficiency is decreased

• Workers are expected to produce more without added compensation

• Workers are less valuable to employers

What are the three stages of technological change?

• implementation, testing, launch

• Invention, innovation, and diffusion

• innovation, feasibility, diffusion

• plan, act, do

Technology impacts almost every aspect of society. What were two positive impacts of technological change?

• Lower cost and dependence on technology

• Improvements in industry and economic growth

• All of the answers are correct

• Increases the costs of products

Which of the following are advantages of technological change?

• Lower cost

• All the answers are correct

• Increased efficiency

• Creates new products and processes

Complete this sentence: Technological change may be defined as the process of increasing the efficiency ___.

• of a product and increasing the input

• of a process by decreasing the output

• of product or process resulting in an increase in output without, increasing input

• of product or process resulting in an increase in input, without increasing output