TECHNOLOGY AND ECONOMICS QUESTIONS AND GRADED
ANSWERS, 100% GUARANTEE
What is the best definition of economic data?
-Economic data is information used for calculation, analysis, or planning.
-Economic data is the fastest time it takes to use the fewest resources.
-Economic data is knowledge that can be applied to create solutions.
-Economic data is a determination based on patterns and evidence. - Economic data is
information used for calculation, analysis, or planning.
When the US government becomes aware of economic changes, the discovery is most likely to
influence
-how the nation allocates resources.
-how companies interest buyers.
-how producers ship products.
-how economists study trends. - how the nation allocates resources.
How can the use of new technology in industry benefit workers?
-Workers can react to economic change quickly.
-Workers can identify economic emergencies.
-Workers can gain new knowledge and skills.
-Workers can make economic forecasts. - Workers can gain new knowledge and skills.
Which of these is an example of automation benefiting producers?
, -New machines allow a factory to produce goods using fewer workers.
-New shipping methods allow a producer to manufacture goods overseas.
-New manufacturing plants open in areas where labor costs are cheaper.
-New education is provided to workers to operate new machinery. - New machines allow
a factory to produce goods using fewer workers.
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. - -It has allowed
economists to better predict how resources should be allocated.
-It has assisted governments to make better economic policy decisions.
-It has expanded growth and outlook in information technology careers.
Technology can help governments handle economic emergencies, such as
-the reliance on automation.
-crop and resource shortages.
-the fall of the unemployment rate.
-instant sales and communication. - crop and resource shortages.
Which group typically predicts trends in industry based on patterns?
consumers
economists
producers
ANSWERS, 100% GUARANTEE
What is the best definition of economic data?
-Economic data is information used for calculation, analysis, or planning.
-Economic data is the fastest time it takes to use the fewest resources.
-Economic data is knowledge that can be applied to create solutions.
-Economic data is a determination based on patterns and evidence. - Economic data is
information used for calculation, analysis, or planning.
When the US government becomes aware of economic changes, the discovery is most likely to
influence
-how the nation allocates resources.
-how companies interest buyers.
-how producers ship products.
-how economists study trends. - how the nation allocates resources.
How can the use of new technology in industry benefit workers?
-Workers can react to economic change quickly.
-Workers can identify economic emergencies.
-Workers can gain new knowledge and skills.
-Workers can make economic forecasts. - Workers can gain new knowledge and skills.
Which of these is an example of automation benefiting producers?
, -New machines allow a factory to produce goods using fewer workers.
-New shipping methods allow a producer to manufacture goods overseas.
-New manufacturing plants open in areas where labor costs are cheaper.
-New education is provided to workers to operate new machinery. - New machines allow
a factory to produce goods using fewer workers.
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. - -It has allowed
economists to better predict how resources should be allocated.
-It has assisted governments to make better economic policy decisions.
-It has expanded growth and outlook in information technology careers.
Technology can help governments handle economic emergencies, such as
-the reliance on automation.
-crop and resource shortages.
-the fall of the unemployment rate.
-instant sales and communication. - crop and resource shortages.
Which group typically predicts trends in industry based on patterns?
consumers
economists
producers
