Answers GalliWCA 2221 CivicsEconomics 1st nine weeks 26-27Economic Systems and Daily Life

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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

allocate resources.

limit consumption.

purchase goods.

increase sales.

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

Producers can purchase services online.

Producers can buy goods 24 hours a day.

Producers can instantly contact companies.

Producers can quickly transport global goods.

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

how the government will address unemployment.

which industries are most in need of workers.

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

why producers might hire fewer workers in the future.

One consequence of automation is that producers need fewer

customers.

machines.

materials.

workers.

Producers can generate instant sales by using

devices.

forecasts.

patterns.

websites.

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

Workers can take Internet classes to gain new skills.

Automation can create goods more cheaply and easily.

Businesses can hire factory workers across the world.

Container ships can transport a number of goods at once.

What is the best definition of technology?

Technology is replacing human workers with mechanical or electronic devices.

Technology is applying scientific knowledge to find answers and fix problems.

Technology is using fewer resources to manufacture goods more efficiently.

Technology is hiring workers from all over the world to manufacture goods.

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

Consumers can allocate their resources wisely.

Consumers have greater access to information.

Consumers can use materials from anywhere.

Consumers can ship goods around the world.

Technology can help governments handle economic emergencies, such as

the reliance on automation.

crop and resource shortages.

the fall of the unemployment rate.

instant sales and communication.

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

Workers can react to economic change quickly.

Workers can identify economic emergencies.

Workers can gain new knowledge and skills.

Workers can make economic forecasts.

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

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.

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

The government can purchase materials from anywhere.

The government can rely on automation to reduce costs.

The government can react to economic changes quickly.

The government can transport goods around the world.

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.

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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