Technologies and Economics Quiz

How can the use of new technology in Industry benefit consumers? Consumers can allocate their resources wisely Consumers have greater access to information Consumers can use materials from anywhere Consumers can ship goods around the world

What are the benefits of instant communication and sales for consumers? Check all that apply Companies can ship goods to customers in an instant Businesses can be available for customers 24 hours a day Customers can purchase goods and services online Customers can give feedback to producers instantly Employers can hire workers from all over the world

Producers can generate instant sales by using Devices Forecast Patterns Websites

How can the use of new technology in Industry benefit producers? Producers can purchase services online Producers can buy goods 24 hours a day Produces can contact companies instantly Producers can transport goods around the world

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 Allocate resources Limit consumption Purchase goods Increase sales

One negative consequence of using automation to improve manufacturing production is that Factories often need fewer workers Production will often slow down Costs often rose for producers Prices often increase for consumers

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

What is the best definition of automation? The use of robotic equipment in a manufacturing process The application of scientific knowledge to find answers and fix problems The use of resources to manufacture goods more efficiently the hiring of workers from all over the world to manufacture goods

What is one way that technology can improve the distribution of goods? Workers can take Internet classes to gain new skills Automation can create goods more cheaply and easily Businesses can hire factory workers across the world Container ships can transport a number of goods at once

Which of these is an example of automation benefiting producers? New machines allowing a factory to produce goods using fewer workers New shipping methods allow a producer to manufactured goods overseas New manufacturing plants open in areas where labor costs are cheaper New education is provided to workers to operate new machinery