Technology and Economics Answers
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What is the best definition of automation?
A
the use of robotic equipment in a manufacturing processB
the application of scientific knowledge to find answers and fix problemsC
the use of resources to manufacture goods more efficientlyD
the hiring of workers from all over the world to manufacture goods2
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This graph shows the US unemployment rate from August 2010 to November 2011. This graph suggests unemployment in the United States
A
will continue to fall.B
will continue to rise.C
will remain the same.D
will only change a little.3
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.4
How has information technology impacted the economy? Choose three answers.
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.5
What are the benefits of instant communication and sales for consumers? Choose three answers.
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.6
How does the use of new technology in industry benefit producers more so than consumers?
A
Producers can purchase services online.B
Producers can buy goods 24 hours a day.C
Producers can instantly contact companies.D
Producers can quickly transport global goods.Did you find these answers helpful?
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