Technology and Economics Answers
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This graph shows the US unemployment rate from August 2010 to November 2011. This graph suggests unemployment in the United States
A
will continue to fall.B
will continue to rise.C
will remain the same.D
will only change a little.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
Which group typically predicts trends in industry based on patterns?
A
consumersB
economistsC
producersD
shippers4
Which of these is an example of automation benefiting producers?
A
New machines allow a factory to produce goods using fewer workers.B
New shipping methods allow a producer to manufacture goods overseas.C
New manufacturing plants open in areas where labor costs are cheaper.D
New education is provided to workers to operate new machinery.5
When the US government becomes aware of economic changes, the discovery is most likely to influence
A
how the nation allocates resources.B
how companies interest buyers.C
how producers ship products.D
how economists study trends.6
What is the best definition of economic data?
A
Economic data is information used for calculation, analysis, or planning.B
Economic data is the fastest time it takes to use the fewest resources.C
Economic data is knowledge that can be applied to create solutions.D
Economic data is a determination based on patterns and evidence.7
One consequence of automation is that producers need fewer
A
customers.B
machines.C
materials.D
workers.8
[BLANK]
A
Economic patternsB
Economic peaksC
Economic theories9
What is one way that technology can improve the distribution of goods?
A
Workers can take Internet classes to gain new skills.B
Automation can create goods more cheaply and easily.C
Businesses can hire factory workers across the world.D
Container ships can transport a number of goods at once.10
What is the best definition of automation?
A
the use of robotic equipment in a manufacturing processB
the application of scientific knowledge to find answers and fix problemsC
the use of resources to manufacture goods more efficientlyD
the hiring of workers from all over the world to manufacture goodsDid you find these answers helpful?
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