Answers26-27 Ignite Economics-KY-EconomicsCompetition and Free Enterprise

Technology and Economics Answers

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Which conclusion is best supported by the data in the graph?

A
Technology is a small part of the US economy.
B
Technology is a growing part of the US economy.
C
Technology is a declining part of the US economy.
D
Technology is the largest sector in the US economy.
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Transportation technology✔ The InternetProduction automation

Answers:
has improved access to information.:The Internet
has created faster production times for many goods.:Automation
Over the years, technologies such as have allowed for faster distribution.:airplanes
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Identify each statement as an advantage or disadvantage of automation.

Answers:
Can be expensive to set up:disadvantage
Can help to create lower prices for manufactured goods:advantage
May cause fewer mistakes in the manufacturing process:advantage

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