4
QuizMultiple Choice

Technology and Economics — Quiz

Question 4 • Personal Finance and Economics

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

Answer
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.

Explanation

New technology can help producers move goods quickly across long distances, making it easier to distribute products to markets around the world. This is the clearest industry-related advantage for producers among the choices; purchasing online or buying at any hour mainly describes benefits to consumers.

AI-written and checked against the verified answer.

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