5.5 Technological Change DOL

Urban farming is a form of agriculture that is integrated into the urban economic and ecological system. It comes with benefits as __.

• A. it provides inexpensive, fresh and nutritious food

• B. it provides employment opportunities

• C. it helps “green” a city by creating green space and strengthening its resilience to climate change.

• D. all of the above

How does technological innovation affect employment in traditional industries?

• It increases job opportunities significantly

• It does not affect employment levels

• It may lead to job displacement

• It decreases wages across all sectors

Which of the following is a result of technological change?

• Decreased productivity

• Increased use of outdated technologies

• Lower quality of products

• Enhanced methods of production

What can technological change lead to in terms of markets?

• Decrease in market competition

• Stabilization of existing markets

• Development of new products

• None of the above

Which industries have faced decline due to technological innovations?

• Smartphone industry

• Digital marketing firms

• Film photography and typewriters

• Renewable energy sector