Technology and Economics Answers

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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.

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Which group typically predicts trends in industry based on patterns?

consumers

economists

producers

shippers

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.

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