Answers2102320-Economics HONORS - Edgenuity TeacherTechnology and Economics

Technology and Economics Answers

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1
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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.
2
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What are the benefits of instant communication and sales for consumers? Choose three answers.Companies can ship goods to customers in an instant.Businesses can be available for customers 24 hours a day.Customers can purchase goods and services online.Customers can give feedback to producers instantly.Employers can hire workers from all over the world.

A
Companies can ship goods to customers in an instant.
B
Businesses can be available for customers 24 hours a day.
C
Customers can purchase goods and services online.
D
Customers can give feedback to producers instantly.
E
Employers can hire workers from all over the world.
3

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

A
allocate resources.
B
limit consumption.
C
purchase goods.
D
increase sales.
4

This graph shows the US unemployment rate from August 2010 to November 2011. This graph suggests unemployment in the United States

Question illustration
A
will continue to fall.
B
will continue to rise.
C
will remain the same.
D
will only change a little.
5

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.
6

Technology can help governments handle economic emergencies, such as

A
the reliance on automation.
B
crop and resource shortages.
C
the fall of the unemployment rate.
D
instant sales and communication.
7

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

Question illustration
A
how the government will address unemployment.
B
which industries are most in need of workers.
C
how many people will be out of work in the next year.
D
why producers might hire fewer workers in the future.
8

One consequence of automation is that producers need fewer

A
customers.
B
machines.
C
materials.
D
workers.
9

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.
10

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.
11

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

A
The government can purchase materials from anywhere.
B
The government can rely on automation to reduce costs.
C
The government can react to economic changes quickly.
D
The government can transport goods around the world.
12

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.

A
It has allowed economists to better predict how resources should be allocated.
B
It has assisted governments to make better economic policy decisions.
C
It has become more difficult for businesses to identify when shortages will occur.
D
It has steadily increased the amount of time to share data between locations.
E
It has expanded growth and outlook in information technology careers.
13

Producers can generate instant sales by using

A
devices.
B
forecasts.
C
patterns.
D
websites.
14

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

A
Workers can react to economic change quickly.
B
Workers can identify economic emergencies.
C
Workers can gain new knowledge and skills.
D
Workers can make economic forecasts.
15

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.
16

What is the best definition of technology?

A
Technology is replacing human workers with mechanical or electronic devices.
B
Technology is applying scientific knowledge to find answers and fix problems.
C
Technology is using fewer resources to manufacture goods more efficiently.
D
Technology is hiring workers from all over the world to manufacture goods.
17

[BLANK]

A
Economic patterns
B
Economic peaks
C
Economic theories
18

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.
19

What is the best definition of automation?

A
the use of robotic equipment in a manufacturing process
B
the application of scientific knowledge to find answers and fix problems
C
the use of resources to manufacture goods more efficiently
D
the hiring of workers from all over the world to manufacture goods
20

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

Question illustration
A
how the government will address unemployment.
B
which industries are most in need of workers.
C
how many people will be out of work in the next year.
D
why producers might hire fewer workers in the future.

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