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TechnologyWhich of the following is one way that technology can improve productivity?

Which of the following is one way that technology can improve productivity?

Which is one way that technology can improve productivity? Machines replace workers, reducing production costs.

Which technological improvement did the assembly line bring?

On December 1, 1913, Henry Ford installs the first moving assembly line for the mass production of an entire automobile. His innovation reduced the time it took to build a car from more than 12 hours to one hour and 33 minutes.

Which of the following best explains why players in the game of economics are often in conflict?

Which best explains why players in the game of economics are often in conflict with each other? Some economic goals are incompatible with each other. Which question must be asked about the use of resources in an economic system? Which of these is the most important in a free-market system?

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What is one way technology can improve the distribution of goods?

What is one way that technology can improve the production of goods? Websites can allow consumers to purchase goods online. Container ships can transport a number of goods at once. Automation can create goods more cheaply and easily.

Which improvement did the shipping container bring?

The arrival of containers and intermodalism revolutionized the shipping industry. Containers could be efficiently stacked, allowing more and more goods transported across the seas. Labor costs dropped dramatically and, since containers were sealed, theft declined.

What is one reason that people want to minimize costs?

What is one reason that people want to minimize costs? Costs are often bad things that people don’t want to accept. Which best describes why economic indicators are useful?

Which of the following does not need to be addressed when organizing an economy?

Which of the following does not need to be addressed when organizing an economy? The rules of political institutions. There are never enough goods and services to satisfy all wants and needs. People cannot agree on what kind of allocation will be the most efficient.

Which Cannot be done by the government in a command economy?

Which of the following cannot be done by the government in a command economy? Deciding what goods consumers buy. Which of the following must be a feature of an activity for it to be a game?

Which is not essential to the game of economics?

Which is not essential to the game of economics? There are different and incompatible economic goals.

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What best describes technology in human society?

The definition of technology is science or knowledge put into practical use to solve problems or invent useful tools. Computers and the Internet – The ability to perform basic thinking processes much faster enables business, science and commerce to proceed much more efficiently.

What is the meaning of technological progress?

Technological progress refers to the discovery of new and improved methods of producing goods. Changes in technology lead to an increase in productivity of labor, capital.

How does technological progress affect the economy?

In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.

How do shipping containers change?

Containerization eliminated manual sorting of most shipments and the need for dockfront warehouses. It displaced many thousands of dock workers who formerly handled break bulk cargo. Containerization reduced congestion in ports, significantly shortened shipping time and reduced losses from damage and theft.

Why is cargo piling up?

The pandemic has exposed the fragility of the US logistics industry. Manufacturing bottlenecks and shipping delays have resulted in cargo piling up not only in port terminals but also in rail yards and warehouses.

What is not a goal pursued in the game of economics?

Which is not a goal pursued in the game of economics? The available resources cannot be used to pursue every goal that each individual has.

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Which of the following is not an example of a natural occurring greenhouse gas?

Examples of greenhouse gases: Carbon dioxides, Methane, Chlorofluorocarbon, sulphur dioxide. Whereas, oxygen, nitrogen and argon are not examples of greenhouse gases.

Which of the following is not a factor of production?

Capital as a Factor of Production . An unproductive use of land, and therefore not a factor of production.

What are the 4 factors of production?

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.

What are the 3 basic economic problems of the society?

The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.

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