12
QuizMultiple Choice

Technology and Economics — Quiz

Question 12 • Personal Finance and Economics

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

Answer
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.

Explanation

New technology makes information about products, prices, and reviews easier for consumers to access, helping them compare options before buying. Shipping goods worldwide and using materials from anywhere are more directly advantages for businesses and producers. Therefore, the best answer is A) Consumers have greater access to information.

AI-written and checked against the verified answer.

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