TECHNOLOGY AND ECONOMICS QUESTIONS AND GRADED
ANSWERS, 100% GUARANTEE
Match each effect with the correct category.
Technology replaces human labor
Consumers pay less for goods
Unemployment rates may rise
Goods cost less to produce - Benefits:
1) Goods cost less to produce
2) Consumers pay less for goods
Consequences:
1) Technology replaces human labor
2) Unemployment rates may rise
What have instant communication and sales made possible? Check all that apply.
Instantaneous purchases from companies around the world can increase sales.
Improved technology has not yet allowed for a global workforce.
Physical goods can arrive instantly at distant locations.
, Improved technology has allowed companies to operate 24 hours a day.
Worldwide communication between producers and consumers has become instant. - 1
4
5
Country F has just learned that farmers are starting to report shortages of wheat this year due to
failed crops. Government leaders have decided that the wheat produced will not be sold to
anyone outside of the country to ensure that there will be enough to fulfill the needs of citizens.
Instant access to information has helped Country F ____________
Country F is using data from its farmers to _________ - allocate resources
make economic decisions
In January of 2011, the unemployment rate in this nation was about ________.
Based on the trend that began around June of 2011, economists may predict that the
unemployment rate will continue to ___________ in the future. - 4 percent
increase
What is one way that technology can improve the distribution of goods?
ANSWERS, 100% GUARANTEE
Match each effect with the correct category.
Technology replaces human labor
Consumers pay less for goods
Unemployment rates may rise
Goods cost less to produce - Benefits:
1) Goods cost less to produce
2) Consumers pay less for goods
Consequences:
1) Technology replaces human labor
2) Unemployment rates may rise
What have instant communication and sales made possible? Check all that apply.
Instantaneous purchases from companies around the world can increase sales.
Improved technology has not yet allowed for a global workforce.
Physical goods can arrive instantly at distant locations.
, Improved technology has allowed companies to operate 24 hours a day.
Worldwide communication between producers and consumers has become instant. - 1
4
5
Country F has just learned that farmers are starting to report shortages of wheat this year due to
failed crops. Government leaders have decided that the wheat produced will not be sold to
anyone outside of the country to ensure that there will be enough to fulfill the needs of citizens.
Instant access to information has helped Country F ____________
Country F is using data from its farmers to _________ - allocate resources
make economic decisions
In January of 2011, the unemployment rate in this nation was about ________.
Based on the trend that began around June of 2011, economists may predict that the
unemployment rate will continue to ___________ in the future. - 4 percent
increase
What is one way that technology can improve the distribution of goods?
