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

factories often need fewer workers.

production will often slow down.

costs often rise for producers.

prices often increase for consumers.

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Economic patterns

Economic peaks

Economic theories

What is the best definition of automation?

the use of robotic equipment in a manufacturing process

the application of scientific knowledge to find answers and fix problems

the use of resources to manufacture goods more efficiently

the hiring of workers from all over the world to manufacture goods

Which group typically predicts trends in industry based on patterns?

consumers

economists

producers

shippers

What is the best definition of economic data?

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

Economic data is the fastest time it takes to use the fewest resources.

Economic data is knowledge that can be applied to create solutions.

Economic data is a determination based on patterns and evidence.

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.

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