Technology and Economics

Question 1

Which group typically predicts trends in industry based on patterns?

Revolt · Accepted Answer

economists

Question 2

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

Revolt · Accepted Answer

Workers can gain new knowledge and skills.

Question 3

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

Revolt · Accepted Answer

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

Question 4

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

Revolt · Accepted Answer

factories often need fewer workers.

Question 5

What is the best definition of economic data?

Revolt · Accepted Answer

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

Question 6

Technology can help governments handle economic emergencies, such as

Revolt · Accepted Answer

crop and resource shortages.

Question 7

One consequence of automation is that producers need fewer

Revolt · Accepted Answer

workers.

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

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 10

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

Revolt · Accepted Answer

The government can react to economic changes quickly.

Technology and Economics Answers

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