Technology and Economics

Question 1

Identify each statement as an advantage or disadvantage of automation.

Revolt · Accepted Answer

Can be expensive to set up: disadvantage; Can help to create lower prices for manufactured goods: advantage; May cause fewer mistakes in the manufacturing process: advantage

Question 2

The InternetTransportation technology✔ Automation

Revolt · Accepted Answer

✔ Automation

Question 3

e-mailthe Internet✔ airplanes

Revolt · Accepted Answer

✔ airplanes

Question 4

Transportation technology✔ The InternetProduction automation

Revolt · Accepted Answer

✔ The Internet; has improved access to information.: The Internet; has created faster production times for many goods.: Automation; Over the years, technologies such as have allowed for faster distribution.: airplanes

Question 5

advantage✔ disadvantage

Revolt · Accepted Answer

✔ disadvantage; Can be expensive to set up: disadvantage; Can help to create lower prices for manufactured goods: advantage; May cause fewer mistakes in the manufacturing process: advantage

Question 6

✔ advantagedisadvantage

Revolt · Accepted Answer

✔ advantage

Question 7

✔ advantagedisadvantage

Revolt · Accepted Answer

✔ advantage

Question 8

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

Revolt · Accepted Answer

Technology is a growing part of the US economy.

Question 9

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

Revolt · Accepted Answer

the ability to find cheaper prices than many stores in person; the convenience of receiving an item without going to a store; the ability to research an item before making a purchase

Question 10

Economists make economic predictions using:

Revolt · Accepted Answer

data about the economy from the past.

Technology and Economics Answers

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