Technology and Economics Answers
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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.2
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A
Economic patternsB
Economic peaksC
Economic theories3
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 goods4
Which group typically predicts trends in industry based on patterns?
A
consumersB
economistsC
producersD
shippers5
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.6
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.7
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.8
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.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.Did you find these answers helpful?
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