Microeconomics
Microeconomics
2nd Edition
ISBN: 9781259813337
Author: KARLAN, Dean S., Morduch, Jonathan
Publisher: Mcgraw-hill Education,
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Chapter 1, Problem 15RQ
To determine

To describe the major economic impacts of innovations in technology on our lives.

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Describe an innovation in technology, business, orculture that had a major economic impact in yourlifetime.
Select the statement that accurately describes traditional economies.         Traditional economies determine what goods are produced through customs, traditions, and beliefs.         Traditional economies are based strictly on agriculture.         In a traditional economy, the government controls what goods and services are produced.         There are no longer any societies that use a traditional economy.
The effects of technology on the economy.
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