Economics: The Basics 1st Edition by Mike Mandel

Exercise 3

Say whether each of the following is a productivity-enhancing innovation, a creation of new goods and services, or a quality-of-life innovation. Explain.
a) A car that emits less pollution.
b) A car that uses less gasoline.
c) A drug that cures lung cancer.
d) A drug that makes you smarter.
e) A faster way of building homes.
f) A teleportation device that can move you instantaneously from one spot to another.