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How can the use of new technology in industry benefit the US government?

A
The government can rely on automation to reduce costs.
B
The government can transport goods around the world.
C
The government can purchase materials from anywhere.
D
The government can react to economic changes quickly.
3

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

A
Workers can identify economic emergencies.
B
Workers can gain new knowledge and skills.
C
Workers can make economic forecasts.
D
Workers can react to economic change quickly.
4

One consequence of automation is that producers need fewer

A
workers.
B
materials.
C
machines.
D
customers.
5

Which of these is an example of automation benefiting producers?

A
New machines allow a factory to produce goods using fewer workers.
B
New shipping methods allow a producer to manufacture goods overseas.
C
New education is provided to workers to operate new machinery.
D
New manufacturing plants open in areas where labor costs are cheaper.
6

Producers can generate instant sales by using

A
websites.
B
devices.
C
forecasts.
D
patterns.
9

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

A
Consumers can ship goods around the world.
B
Consumers can use materials from anywhere.
C
Consumers can allocate their resources wisely.
D
Consumers have greater access to information.
10

What is the best definition of economic data?

A
Economic data is information used for calculation, analysis, or planning.
B
Economic data is the fastest time it takes to use the fewest resources.
C
Economic data is a determination based on patterns and evidence.
D
Economic data is knowledge that can be applied to create solutions.

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Pretest Answers — Economics