Usage of the Internet has outmatched the adoption of computers. How has technology directly benefited consumers? Use this information to work Problems 1 and 2. The Internet has primarily affected entertainment, rather than politics or the economy. It has created brand-new industries. Which of the following are economic resources? Check all that apply: A. Labor B. Capital C. Human Capital D. Land E. Consumers F. Technology G. Money H. Entrepreneurs | Homework.Study.com. To learn more about the technology, refer to: It has increased employment opportunities. What are economic resources? Learn about scarce resources economics. Economic Resources: In a given economy, firms usually produce goods and services by deploying various factors of production. Check all that apply: A.
As more and more people have used computers, Internet usage has increased. Consumers can purchase goods with the click of a button. The price of coffee is$2 a cup, and soda is $1 a can. Recommended textbook solutions. Automation has been phased out of most factories. How has technology affected the economy check all that apply to business. Since this plan costs the city tax revenues, they will continue to use it only if there is strong evidence that the rate of home ownership is increasing.
Social media also can help protest movements when videos and images go "_________. " It has given access to online banking and electronic pay. Students also viewed. The price of such goods and services is usually the equilibrium price which is determined by taking an intersection of the demand curve and supply curve. How has technology affected the economy check all that apply these terms. Internet usage has declined even as the use of computers has increased. Has the relative price of coffee changed? Become a member and unlock all Study Answers. Answer and Explanation: 1. The city council is debating a plan to offer tax breaks to first-time home buyers in order to boost people to become homeowners.
See economics resources examples. Recent flashcard sets. Competition between companies has led to new products. Explanation: I did the assignment. Capital, C. Human Capital, D. Land, F. What are some ways technology has affected the economy? Check all that apply. Automation has been phased - Brainly.com. Technology and H. Entrepreneurs. Census data show that the ownership rate in one small city is even lower. In 2012, the Gallup Poll reported that only of American families owned their homes, the lowest percentage reported in a decade.
Learn about types of resources in economics and how these resources contribute to business success. Sets found in the same folder. Many employees are able to do their jobs from home. Costs are rising higher and higher for courses offered online. Social media and technology can change the way students think. A) In words, what will their hypotheses be? How has technology affected the economy check all that apply online. Technology can make it difficult to create interpersonal connections. Learn more about this topic: fromChapter 3 / Lesson 8. It spreads entertainment and popular culture through social media. Computers and robots can do jobs humans once did.
Therefore, options E and F are correct. Amy has $12 a week to spend on coffee and soda. It has created the ability to purchase goods with the click of a button. Competition to develop new products has had mostly positive effects. Into the Information Age Flashcards. Consumers can buy goods and services on the Internet. It was introduced to and used by consumers beginning in the 1980s. The Internet was introduced and first used by consumers during the 1980s. The correct options to the given question are A. Young children have access to technology before they are in school. It is a network of millions of computers connected to each other.
Computer usage and Internet usage are seemingly unrelated. The following are the benefits of technology in economics: - The advancement of the technology leads to the economic growth, means increasing the GDP. Terms in this set (13). Which statement accurately describes the Internet? Which statement does this graph support?
Question: Which of the following are economic resources? Suppose that the price of soda remains at$1 a can but the price of coffee rises to $3 a cup. Many employees work from home using the Internet. They choose to adopt the plan on a 2-year trial basis and use the data they collect to make a decision about continuing the tax breaks. What are the benefits of technology in economics? It has introduced new products, such as smartphones.
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