Technology and Economics Answers

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1
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[___] has improved access to information.

A
Transportation technology
B
The Internet
C
Production automation
2
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[___] has created faster production times for many goods.

A
The Internet
B
Transportation technology
C
Automation
35175

Identify each statement as an advantage or disadvantage of automation.

Answers:
Can help to create lower prices for manufactured goods:advantage
May cause fewer mistakes in the manufacturing process:advantage
35178

Which conclusion is best supported by the data in the graph?

A
Technology is a small part of the US economy.
B
Technology is a growing part of the US economy.
C
Technology is a declining part of the US economy.
D
Technology is the largest sector in the US economy.
35179

Many people prefer to shop online instead of in traditional retail settings.What are the advantages of purchasing goods online? Check all that apply.faster deliverythe ability to find cheaper prices than many stores in personthe convenience of receiving an item without going to a storethe ability to research an item before making a purchasethe ability to test an item in person

A
faster delivery
B
the ability to find cheaper prices than many stores in person
C
the convenience of receiving an item without going to a store
D
the ability to research an item before making a purchase
E
the ability to test an item in person
35180

Economists make economic predictions using:

A
educated guesses based solely on their opinion.
B
data about the economy from the past.
C
information only about other nations.
D
data about how outside economies allocate their resources.
35181

What did you include in your answer? Check all that apply.

A
I have access to more products.
B
I can instantly communicate with others.
C
I can use technology to monitor economic trends.

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Technology and Economics Answers…