AnswersPersonal Finance and EconomicsTechnology and Economics

Technology and Economics — Quiz Answers

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1
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Producers can generate instant sales by using

A
forecasts.
B
websites.
C
devices.
D
patterns.
2
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How can the use of new technology in industry benefit workers?

A
Workers can identify economic emergencies.
B
Workers can gain new knowledge and skills.
C
Workers can react to economic change quickly.
D
Workers can make economic forecasts.
3

Which of these is an example of automation benefiting producers?

A
New machines allow a factory to produce goods using fewer workers.
B
New manufacturing plants open in areas where labor costs are cheaper.
C
New education is provided to workers to operate new machinery.
D
New shipping methods allow a producer to manufacture goods overseas.
4

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

A
Producers can purchase services online.
B
Producers can quickly transport global goods.
C
Producers can instantly contact companies.
D
Producers can buy goods 24 hours a day.
5

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

A
Consumers can allocate their resources wisely.
B
Consumers can use materials from anywhere.
C
Consumers can ship goods around the world.
D
Consumers have greater access to information.
6

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 education is provided to workers to operate new machinery.
D
New manufacturing plants open in areas where labor costs are cheaper.
7

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

A
Consumers can allocate their resources wisely.
B
Consumers can ship goods around the world.
C
Consumers have greater access to information.
D
Consumers can use materials from anywhere.
8

Which group typically predicts trends in industry based on patterns?

A
producers
B
economists
C
shippers
D
consumers
9

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

A
Workers can gain new knowledge and skills.
B
Workers can identify economic emergencies.
C
Workers can make economic forecasts.
D
Workers can react to economic change quickly.
10

Which group typically predicts trends in industry based on patterns?

A
producers
B
shippers
C
economists
D
consumers
11

Producers can generate instant sales by using

A
patterns.
B
websites.
C
devices.
D
forecasts.
12

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

A
Consumers can use materials from anywhere.
B
Consumers can ship goods around the world.
C
Consumers have greater access to information.
D
Consumers can allocate their resources wisely.
13

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

A
Workers can identify economic emergencies.
B
Workers can react to economic change quickly.
C
Workers can make economic forecasts.
D
Workers can gain new knowledge and skills.
14

One consequence of automation is that producers need fewer

A
customers.
B
materials.
C
workers.
D
machines.
15

Producers can generate instant sales by using

A
devices.
B
patterns.
C
websites.
D
forecasts.
16

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

A
Producers can instantly contact companies.
B
Producers can quickly transport global goods.
C
Producers can purchase services online.
D
Producers can buy goods 24 hours a day.
17

One consequence of automation is that producers need fewer

A
materials.
B
workers.
C
customers.
D
machines.
18

Which of these is an example of automation benefiting producers?

A
New manufacturing plants open in areas where labor costs are cheaper.
B
New education is provided to workers to operate new machinery.
C
New shipping methods allow a producer to manufacture goods overseas.
D
New machines allow a factory to produce goods using fewer workers.
19

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

A
Producers can instantly contact companies.
B
Producers can purchase services online.
C
Producers can quickly transport global goods.
D
Producers can buy goods 24 hours a day.
20

What is the best definition of economic data?

A
Economic data is the fastest time it takes to use the fewest resources.
B
Economic data is information used for calculation, analysis, or planning.
C
Economic data is a determination based on patterns and evidence.
D
Economic data is knowledge that can be applied to create solutions.

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