intro to econ- tech and economics

30 December 2023
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automation
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The use of technology to ease human labor or to extend the mental or physical capabilities of humans.
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Which statements describe effects of changes in information technology? Check all that apply.
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Economists are better able to predict how resources should be allocated. Governments can make better economic policy decisions. Employment in information technology sectors has grown.
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One negative consequence of using automation to improve manufacturing production is that
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factories often need fewer workers
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What are the benefits of instant communication and sales for consumers? Check all that apply.
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Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online. Customers can give feedback to producers instantly.
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Technology can help governments handle economic emergencies, such as
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crop and resource shortages