Technology and Economics Answers
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What is the best definition of technology?
A
Technology is replacing human workers with mechanical or electronic devices.B
Technology is applying scientific knowledge to find answers and fix problems.C
Technology is using fewer resources to manufacture goods more efficiently.D
Technology is hiring workers from all over the world to manufacture goods.2
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One negative consequence of using automation to improve manufacturing production is that
A
factories often need fewer workers.B
production will often slow down.C
costs often rise for producers.D
prices often increase for consumers.3
What are the benefits of instant communication and sales for consumers? Choose three answers.Companies can ship goods to customers in an instant.Businesses can be available for customers 24 hours a day.Customers can purchase goods and services online.Customers can give feedback to producers instantly.Employers can hire workers from all over the world.
A
Companies can ship goods to customers in an instant.B
Businesses can be available for customers 24 hours a day.C
Customers can purchase goods and services online.D
Customers can give feedback to producers instantly.E
Employers can hire workers from all over the world.4
This graph shows the US unemployment rate from August 2010 to November 2011.This graph could help an economist predict
A
how the government will address unemployment.B
which industries are most in need of workers.C
how many people will be out of work in the next year.D
why producers might hire fewer workers in the future.Did you find these answers helpful?
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