Answers2102320-Economics HONORS - Edgenuity TeacherTechnology and Economics

Technology and Economics Answers

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The government of country A has determined there is a coal shortage based on mining reports. As a result of these data, the government decreases coal exports to other nations. Access to information helped country A

A
allocate resources.
B
limit consumption.
C
purchase goods.
D
increase sales.
2
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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.
3

Technology can help governments handle economic emergencies, such as

A
the reliance on automation.
B
crop and resource shortages.
C
the fall of the unemployment rate.
D
instant sales and communication.
4

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.
5

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 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.
7

Which group typically predicts trends in industry based on patterns?

A
consumers
B
economists
C
producers
D
shippers
8

[BLANK]

A
Economic patterns
B
Economic peaks
C
Economic theories

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