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.
How can the use of Technology in industry benefit the government?
Employers can hire workers from all over the world. 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.
What are the advantages of new technology in the manufacturing industry?
a. New machines allow a factory to produce goods using fewer workers. b. New shipping methods allow a producer to manufacture goods overseas. c. New manufacturing plants open in areas where labor costs are cheaper. d. New education is provided to workers to operate new machinery.
How can producers benefit from the use of Technology?
Producers can transport goods around the world. This graph suggests unemployment in the United States will continue to rise. How can the use of new technology in industry benefit workers? Workers can gain new knowledge and skills. THIS SET IS OFTEN IN FOLDERS WITH...
How can technology be used to improve the distribution of goods?
What is one way that technology can improve the distribution of goods? a. Workers can take Internet classes to gain new skills. b. Automation can create goods more cheaply and easily.
What US one way that technology can improve the distribution of goods?
What is one way that technology can improve the distribution of goods? … Automation can create goods more cheaply and easily. Businesses can hire factory workers across the world.
How has the Internet benefited the economy quizlet?
how has the internet benefited the economy? By improving communication and allowing greater trade and specialization. in a free market system, consumers let producers know what they want to buy and how much they're willing to pay through what?
How does the government of a republic typically shape its economy?
How does the government of a republic typically shape its economy? The government allows citizens to own private businesses. The government blocks the ownership of personal property.
How does the use of new technology in industry benefit consumers more so than producers quizlet?
How can the use of new technology in industry benefit consumers? Consumers have greater access to information. What is one way that technology can improve the distribution of goods? Container ships can transport a number of goods at once.
How has the Internet benefited the economy?
Across a range of large and developed economies, the Internet exerts a strong influence on economic growth rates. Our research shows that the Internet accounts for, on average, 3.4 percent of GDP across the large economies that make up 70 percent of global GDP.
What is the economic system in the United States quizlet?
The US economy is considered a mixed economy - has features of capitalism, government ownership, and government regulation of the economy.
Which economic system is the most common in the world?
Mixed EconomyMixed Economy Definition. The mixed economy definition is an economy where both the private market and the government control the factors of production. It is the most common form of economy that exists in the world today.
Why does the US government create regulatory agencies?
regulatory agency, independent governmental body established by legislative act in order to set standards in a specific field of activity, or operations, in the private sector of the economy and then to enforce those standards. Regulatory agencies function outside direct executive supervision.