Multiple Choice Questions

What is one way that technology can improve the distribution of goods?
  • Producers can transport goods around the world.
  • The government can react to economic changes quickly.
  • Workers can gain new knowledge and skills.
  • Container ships can transport a number of goods at once.
How can the use of new technology in industry benefit the US government?
  • Producers can transport goods around the world.
  • The government can react to economic changes quickly.
  • Container ships can transport a number of goods at once.
  • Workers can gain new knowledge and skills.
How can the use of new technology in industry benefit producers?
  • Workers can gain new knowledge and skills.
  • Container ships can transport a number of goods at once.
  • Producers can transport goods around the world.
  • The government can react to economic changes quickly.
How can the use of new technology in industry benefit workers?
  • The government can react to economic changes quickly.
  • Producers can transport goods around the world.
  • fewer jobs are available.
  • Workers can gain new knowledge and skills.
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.
  • fewer jobs are available.
  • workers
  • will continue to rise.
One consequence of automation is that producers need fewer
  • Workers can gain new knowledge and skills.
  • machines
  • fewer jobs are available.
  • workers
One consequence of using automation to improve production is
  • Workers can gain new knowledge and skills.
  • fewer jobs are available.
  • workers
  • will continue to rise.
This graph could help an economist predict
  • will continue to rise.
  • how many people will be out of work in the next year.
  • The government can react to economic changes quickly.
  • Container ships can transport a number of goods at once.
How can the use of new technology in industry benefit the US government?The government can purchase materials from anywhere.The government can rely on automation to reduce costs.The government can react to economic changes quickly.The government can transport goods around the world.
  • allocate resources.
  • 234
  • c
  • Consumers have greater access to information.
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.
  • A
  • 234
  • D
  • 145
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 percentincrease
  • C
  • Benefits:1) Goods cost less to produce2) Consumers pay less for goodsConsequences:1) Technology replaces human labor2) Unemployment rates may rise
  • Economic patterns
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 _________
  • 234
  • 145
  • allocate resourcesmake economic decisions
  • 4 percentincrease
What is the best definition of automation?the use of robotic equipment in a manufacturing processthe application of scientific knowledge to find answers and fix problemsthe use of resources to manufacture goods more efficientlythe hiring of workers from all over the world to manufacture goods
  • C
  • 234
  • A
  • D
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.
  • D
  • 145
  • 234
  • A
____________ help economists make forecasts, which are also called predictions.
  • Benefits:1) Goods cost less to produce2) Consumers pay less for goodsConsequences:1) Technology replaces human labor2) Unemployment rates may rise
  • allocate resourcesmake economic decisions
  • 4 percentincrease
  • Economic patterns
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 Aallocate resources.limit consumption.purchase goods.increase sales.
  • A
  • D
  • C
  • B
Technology can help governments handle economic emergencies, such asthe reliance on automation.crop and resource shortages.the fall of the unemployment rate.instant sales and communication.
  • A
  • D
  • B
  • C
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.
  • 234
  • D
  • C
  • A
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.
  • B
  • A
  • D
  • C
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Multiple Choice Questions
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