Technological Change and Income Distribution

Description: This quiz is designed to assess your understanding of the relationship between technological change and income distribution.
Number of Questions: 15
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Tags: technological change income distribution economic growth
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What is the term used to describe the process by which new technologies are introduced and adopted?

  1. Technological Diffusion

  2. Technological Progress

  3. Technological Innovation

  4. Technological Revolution


Correct Option: A
Explanation:

Technological diffusion refers to the process by which new technologies are spread from their point of origin to other locations.

Which of the following is NOT a potential benefit of technological change?

  1. Increased productivity

  2. Reduced costs

  3. Improved quality of life

  4. Increased unemployment


Correct Option: D
Explanation:

Technological change can lead to increased unemployment in the short term, as workers may need time to adjust to new technologies or find new jobs.

What is the term used to describe the gap between the incomes of the richest and poorest individuals in a society?

  1. Income Inequality

  2. Income Disparity

  3. Income Gap

  4. Income Polarization


Correct Option: A
Explanation:

Income inequality refers to the unequal distribution of income among individuals in a society.

Which of the following is NOT a potential cause of income inequality?

  1. Technological change

  2. Globalization

  3. Government policies

  4. Natural disasters


Correct Option: D
Explanation:

Natural disasters are not a direct cause of income inequality, although they can have indirect effects on income distribution.

What is the term used to describe the process by which technological change leads to changes in the distribution of income?

  1. Technological Spillover

  2. Technological Diffusion

  3. Technological Polarization

  4. Technological Inequality


Correct Option: C
Explanation:

Technological polarization refers to the process by which technological change leads to a widening gap between the incomes of skilled and unskilled workers.

Which of the following is NOT a potential policy response to address income inequality caused by technological change?

  1. Investing in education and training

  2. Providing social safety nets

  3. Raising the minimum wage

  4. Reducing taxes on the wealthy


Correct Option: D
Explanation:

Reducing taxes on the wealthy is not a policy response that is likely to address income inequality caused by technological change.

What is the term used to describe the idea that technological change can lead to a more equal distribution of income?

  1. Technological Utopianism

  2. Technological Egalitarianism

  3. Technological Determinism

  4. Technological Optimism


Correct Option: A
Explanation:

Technological utopianism refers to the idea that technological change can lead to a more equal distribution of income.

Which of the following is NOT a potential consequence of technological change for income distribution?

  1. Increased demand for skilled labor

  2. Decreased demand for unskilled labor

  3. Increased demand for capital

  4. Increased demand for natural resources


Correct Option: D
Explanation:

Increased demand for natural resources is not a direct consequence of technological change for income distribution.

What is the term used to describe the idea that technological change can lead to a more unequal distribution of income?

  1. Technological Dystopianism

  2. Technological Pessimism

  3. Technological Determinism

  4. Technological Realism


Correct Option: A
Explanation:

Technological dystopianism refers to the idea that technological change can lead to a more unequal distribution of income.

Which of the following is NOT a potential policy response to address income inequality caused by technological change?

  1. Investing in infrastructure

  2. Providing job training programs

  3. Raising the minimum wage

  4. Reducing taxes on corporations


Correct Option: D
Explanation:

Reducing taxes on corporations is not a policy response that is likely to address income inequality caused by technological change.

What is the term used to describe the idea that technological change is the primary driver of economic growth?

  1. Technological Determinism

  2. Technological Optimism

  3. Technological Utopianism

  4. Technological Pessimism


Correct Option: A
Explanation:

Technological determinism refers to the idea that technological change is the primary driver of economic growth.

Which of the following is NOT a potential consequence of technological change for income distribution?

  1. Increased demand for skilled labor

  2. Decreased demand for unskilled labor

  3. Increased demand for capital

  4. Increased demand for natural resources


Correct Option: D
Explanation:

Increased demand for natural resources is not a direct consequence of technological change for income distribution.

What is the term used to describe the idea that technological change can lead to a more equal distribution of income?

  1. Technological Utopianism

  2. Technological Egalitarianism

  3. Technological Determinism

  4. Technological Optimism


Correct Option: A
Explanation:

Technological utopianism refers to the idea that technological change can lead to a more equal distribution of income.

Which of the following is NOT a potential policy response to address income inequality caused by technological change?

  1. Investing in education and training

  2. Providing social safety nets

  3. Raising the minimum wage

  4. Reducing taxes on the wealthy


Correct Option: D
Explanation:

Reducing taxes on the wealthy is not a policy response that is likely to address income inequality caused by technological change.

What is the term used to describe the idea that technological change can lead to a more unequal distribution of income?

  1. Technological Dystopianism

  2. Technological Pessimism

  3. Technological Determinism

  4. Technological Realism


Correct Option: A
Explanation:

Technological dystopianism refers to the idea that technological change can lead to a more unequal distribution of income.

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