Technology And Economics Quiz

d
Explanation: d. Container ships can transport a number of goods at once.

b
Explanation: Technology can help governments handle economic emergencies in a number of ways. One is by automating processes that would otherwise be done manually, such as issuing benefits or processing tax returns. This can help to speed up the process and reduce the amount of staff needed to do the work. Another way is by providing information and communications tools that can help to coordinate efforts and keep people informed of what is happening. For example, instant messaging and social media can be used to communicate with large groups of people quickly and easily.

d
Explanation: There is no one definitive answer to this question. However, some possible explanations include that producers can use devices such as computers and smartphones to create and manage websites that allow customers to purchase products instantly; producers can also use forecasting tools to predict customer demand and generate sales accordingly; finally, producers can also use patterns to identify potential customers and generate sales to them.

2 3 4
Explanation: 1. Companies can ship goods to customers in an instant. This is a benefit for consumers because they do not have to wait for their products.2. Businesses can be available for customers 24 hours a day. This is a benefit for consumers because they can get help or assistance whenever they need it.3. Customers can purchase goods and services online. This is a benefit for consumers because they can do so from the comfort of their own homes.4. Customers can give feedback to producers instantly. This is a benefit for consumers because they can help shape the products and services that they purchase.5. Employers can hire workers from all over the world. This is a benefit for consumers because it gives them a wider pool of talent to choose from.

c

economic patterns
Explanation: Econometric models help economists make forecasts, which are also called predictions. Econometric models are mathematical models that use historical data to predict future economic trends.

a
Explanation: The US government becomes aware of economic changes through a variety of channels, including data collected by government agencies, reports from private sector organizations, and economic indicators. The discovery of economic changes is most likely to influence how the nation allocates resources, how companies interest buyers, and how economists study trends.

a
Explanation: 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 limit consumption.

b
Explanation: New technology in industry can benefit consumers in many ways. For example, consumers can use new technology to allocate their resources more wisely. They can also use it to have greater access to information. Additionally, consumers can use new technology to ship goods around the world more easily and efficiently.

c
Explanation: This graph could help an economist predict how the government will address unemployment. The government may address unemployment by providing financial assistance to unemployed individuals, by creating programs to help individuals find jobs, or by incentivizing employers to hire more workers.

b
Explanation:This graph could help an economist predict how the government will address unemployment. The government may address unemployment by providing financial assistance to unemployed individuals, by creating programs to help individuals find jobs, or by incentivizing employers to hire more workers.

a
Explanation: The best definition of automation is the use of robotic equipment in a manufacturing process. This is because automation can help to speed up the manufacturing process and improve the quality of products. Additionally, automation can help to reduce the cost of production.

a
Explanation: a. New machines allow a factory to produce goods using fewer workers. This is an example of automation benefiting producers because it allows them to produce more goods with fewer workers, which saves them money.b. New shipping methods allow a producer to manufacture goods overseas. This is an example of automation benefiting producers because it allows them to manufacture goods in other countries where labor costs are cheaper.c. New manufacturing plants open in areas where labor costs are cheaper. This is an example of automation benefiting producers because it allows them to open new plants in areas where labor costs are cheaper, which saves them money.d. New education is provided to workers to operate new machinery. This is an example of automation benefiting producers because it allows them to educate their workers on how to operate new machinery, which increases efficiency and saves them money.

b
Explanation: This graph suggests that unemployment in the United States will continue to fall.

b
Explanation: The best definition of technology is b. Technology is applying scientific knowledge to find answers and fix problems.