Technological Change and Economic Inequality

Description: This quiz focuses on the relationship between technological change and economic inequality, exploring its impact on various aspects of society.
Number of Questions: 15
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Tags: technological change economic inequality economic impact of technological change on india
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Technological advancements have led to a widening income gap between skilled and unskilled workers. What is this phenomenon commonly known as?

  1. Polarization

  2. Digitization

  3. Automation

  4. Globalization


Correct Option: A
Explanation:

Technological advancements have resulted in a polarization of the workforce, with skilled workers experiencing higher wages and unskilled workers facing lower wages.

Which technological development has significantly contributed to the rise of the gig economy?

  1. Artificial Intelligence

  2. Blockchain

  3. Internet of Things

  4. Mobile Technology


Correct Option: D
Explanation:

The widespread adoption of mobile technology has enabled the growth of the gig economy, allowing individuals to access flexible work opportunities.

How has technological change affected the demand for labor in the manufacturing sector?

  1. Increased demand for skilled labor

  2. Increased demand for unskilled labor

  3. Decreased demand for skilled labor

  4. Decreased demand for unskilled labor


Correct Option: D
Explanation:

Technological advancements in manufacturing have led to automation, reducing the demand for unskilled labor.

Which technological innovation has had a significant impact on the education sector, enabling remote learning and online courses?

  1. Virtual Reality

  2. Augmented Reality

  3. Internet of Things

  4. Massive Open Online Courses (MOOCs)


Correct Option: D
Explanation:

MOOCs have revolutionized education by providing accessible and affordable online courses to learners worldwide.

How has technological change affected the job market for individuals with disabilities?

  1. Increased job opportunities

  2. Decreased job opportunities

  3. No significant impact

  4. Improved accessibility to jobs


Correct Option: D
Explanation:

Technological advancements have improved accessibility to jobs for individuals with disabilities, enabling them to participate more fully in the workforce.

Which technological development has facilitated the emergence of online marketplaces, connecting buyers and sellers globally?

  1. Blockchain

  2. Artificial Intelligence

  3. Internet of Things

  4. E-commerce Platforms


Correct Option: D
Explanation:

E-commerce platforms have revolutionized the way people buy and sell goods, enabling global connectivity and access to a wider range of products.

How has technological change impacted the distribution of wealth among different socioeconomic groups?

  1. Increased wealth inequality

  2. Decreased wealth inequality

  3. No significant impact

  4. Increased wealth mobility


Correct Option: A
Explanation:

Technological advancements have often led to increased wealth inequality, with a concentration of wealth among a small segment of the population.

Which technological innovation has significantly contributed to the sharing economy, allowing individuals to rent or borrow items from others?

  1. Blockchain

  2. Internet of Things

  3. Augmented Reality

  4. Peer-to-Peer Platforms


Correct Option: D
Explanation:

Peer-to-peer platforms have facilitated the growth of the sharing economy, enabling individuals to share and rent items with each other.

How has technological change affected the demand for labor in the service sector?

  1. Increased demand for skilled labor

  2. Increased demand for unskilled labor

  3. Decreased demand for skilled labor

  4. Decreased demand for unskilled labor


Correct Option: A
Explanation:

Technological advancements in the service sector have led to an increased demand for skilled labor, such as IT professionals and data analysts.

Which technological development has enabled the automation of repetitive tasks, leading to increased productivity in various industries?

  1. Blockchain

  2. Artificial Intelligence

  3. Internet of Things

  4. Robotics


Correct Option: D
Explanation:

Robotics has played a significant role in automating repetitive tasks, enhancing productivity and efficiency in industries such as manufacturing and healthcare.

How has technological change impacted the job market for individuals in rural areas?

  1. Increased job opportunities

  2. Decreased job opportunities

  3. No significant impact

  4. Improved access to remote work


Correct Option: D
Explanation:

Technological advancements have improved access to remote work opportunities for individuals in rural areas, enabling them to participate in the digital economy.

Which technological innovation has facilitated the rise of digital currencies and decentralized financial systems?

  1. Artificial Intelligence

  2. Internet of Things

  3. Blockchain

  4. Augmented Reality


Correct Option: C
Explanation:

Blockchain technology has revolutionized the financial sector, enabling the development of digital currencies and decentralized financial systems.

How has technological change affected the demand for labor in the agricultural sector?

  1. Increased demand for skilled labor

  2. Increased demand for unskilled labor

  3. Decreased demand for skilled labor

  4. Decreased demand for unskilled labor


Correct Option: D
Explanation:

Technological advancements in agriculture have led to a decrease in the demand for unskilled labor, as machines and automation take over many tasks.

Which technological development has significantly contributed to the rise of social media platforms, enabling individuals to connect and share information globally?

  1. Virtual Reality

  2. Blockchain

  3. Internet of Things

  4. Social Media Platforms


Correct Option: D
Explanation:

Social media platforms have revolutionized the way people communicate and share information, connecting individuals across the globe.

How has technological change impacted the job market for individuals with low levels of education?

  1. Increased job opportunities

  2. Decreased job opportunities

  3. No significant impact

  4. Improved access to training and upskilling


Correct Option: B
Explanation:

Technological advancements have often led to decreased job opportunities for individuals with low levels of education, as many jobs require specialized skills and knowledge.

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