Technology and Economics

Question 1

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

Revolt · Accepted Answer

B: Consumers have greater access to information.

Question 2

Which of these is an example of automation benefiting producers?

Revolt · Accepted Answer

A: New machines allow a factory to produce goods using fewer workers.

Question 3

How has information technology impacted the economy? Choose three answers.It has allowed economists to better predict how resources should be allocated.It has assisted governments to make better economic policy decisions.It has become more difficult for businesses to identify when shortages will occur.It has steadily increased the amount of time to share data between locations.It has expanded growth and outlook in information technology careers.

Revolt · Accepted Answer

A: It has allowed economists to better predict how resources should be allocated.; B: It has assisted governments to make better economic policy decisions.; E: It has expanded growth and outlook in information technology careers.

Question 4

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

Revolt · Accepted Answer

P: Producers can quickly transport global goods.

Question 5

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

Revolt · Accepted Answer

D: Container ships can transport a number of goods at once.

Question 6

What is the best definition of automation?

Revolt · Accepted Answer

A: the use of robotic equipment in a manufacturing process

Question 7

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

Revolt · Accepted Answer

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

Question 8

One negative consequence of using automation to improve manufacturing production is that

Revolt · Accepted Answer

A: factories often need fewer workers.

Question 9

One consequence of automation is that producers need fewer

Revolt · Accepted Answer

D: workers.

Question 10

What is the best definition of economic data?

Revolt · Accepted Answer

A: Economic data is information used for calculation, analysis, or planning.

Technology and Economics Answers

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