Answers2102320-Economics HONORS - Edgenuity TeacherTechnology and Economics

Technology and Economics Answers

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1
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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.
2
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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.
3

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.
4

[BLANK]

A
Economic patterns
B
Economic peaks
C
Economic theories
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 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.
7

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.
8

What is the best definition of automation?

A
the use of robotic equipment in a manufacturing process
B
the application of scientific knowledge to find answers and fix problems
C
the use of resources to manufacture goods more efficiently
D
the hiring of workers from all over the world to manufacture goods
9

What is the best definition of technology?

A
Technology is replacing human workers with mechanical or electronic devices.
B
Technology is applying scientific knowledge to find answers and fix problems.
C
Technology is using fewer resources to manufacture goods more efficiently.
D
Technology is hiring workers from all over the world to manufacture goods.
10

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.

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