Entrepreneurship

Question 1

The government of country A has determined there is a coal shortage based on mining reports. As a result of these data, the government decreases coal exports to other nations. Access to information helped country A

Revolt · Accepted Answer

allocate resources.

Question 2

How does the use of new technology in industry benefit producers more so than consumers?

Revolt · Accepted Answer

Producers can quickly transport global goods.

Question 3

This graph shows the US unemployment rate from August 2010 to November 2011.This graph could help an economist predict

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how many people will be out of work in the next year.

Question 4

One consequence of automation is that producers need fewer

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workers.

Question 5

Producers can generate instant sales by using

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websites.

Question 6

What is one way that technology can improve the distribution of goods?

Revolt · Accepted Answer

Container ships can transport a number of goods at once.

Question 7

What is the best definition of technology?

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Technology is applying scientific knowledge to find answers and fix problems.

Question 8

How does the use of new technology in industry benefit consumers more so than producers?

Revolt · Accepted Answer

Consumers have greater access to information.

Question 9

Technology can help governments handle economic emergencies, such as

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crop and resource shortages.

Question 10

How can the use of new technology in industry benefit workers?

Revolt · Accepted Answer

Workers can gain new knowledge and skills.

Entrepreneurship Answers

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