Which group typically predicts trends in the industry based on patterns?

economists is the answer.

When the US government becomes aware of economic changes discovery is most likely to influence?

The discovery of economic changes by the US government is most likely to influence how the nation allocates resources. Access to information is one of the aid that can greatly help allocates resources which is made possible because of the technology that benefits the US government to react to economic changes quickly.

How can the use of new technology in industry benefit consumers?

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.

What is the best definition of economic data Edgenuity?

what is the best definition of economic data? economic data is information used for calculation, analysis, or planning.

Which group creates regulations in mixed market economies?

Which group creates regulations in mixed-market economies? … –Producers make all of their economic choices.

What role do government agencies play in a mixed market economy?

What role do government agencies play in a mixed market economy? They regulate some aspects of production and distribution. … What might happen if an economy is unable to produce wanted goods and services? People will look elsewhere for them.

What was one result of the rise in automation quizlet?

What was one result of the rise in automation? Production increased in factories.

How does the government of a republic typically shape its economy?

How does the government of a republic typically shape its economy? … The government controls factories and other forms of production. The government allows citizens to own private businesses.

What do the indicators used by economists reveal quizlet?

What do the indicators used by economists reveal about the economy? meet a social need and improve the economy. The chart shows the marginal cost of producing apple pies. eventually increases as production decreases.

How can the use of new technology in industry?

How can the use of new technology in industry benefit workers? Workers can gain new knowledge and skills.

What is one positive effect technology has had on education quizlet?

What is one positive effect technology has had on education? More time has become available for studying and learning. Online education is available, although only for a fee.

What is one change from 1950 to 2010 that this graph illustrates quizlet?

What is one change from 1950 to 2010 that this graph illustrates? The age gap between men and women has grown smaller over time. This line graph shows the birth rate in the United States from 1950 to 2010.

What is one way that technology can improve the distribution?

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. Container ships can transport a number of goods at once.

What is the best definition of automation?

The dictionary defines automation as “the technique of making an apparatus, a process, or a system operate automatically.” We define automation as “the creation and application of technology to monitor and control the production and delivery of products and services.”

Which statement describes effect of changes in information technology?

Statement 3, 4 and 5 are describe effects of changes in information technology. Explanation: Changes in information technology create both positive and negative effect.

Which of the following will be accomplished by efficient allocations of the factors of production?

Efficient allocation of resources results in the fulfillment of many needs and wants of the society because when there is a proper allocation, the resources can be saved for future use. It protects the resources from getting waste.

Which best describes why governments enact tariffs quizlet?

The government can pay for projects to create work. … Which best describes why governments enact tariffs? to discourage consumers from purchasing foreign goods. Which situations are examples of how credit scores determine nonfinancial opportunities for consumers?

How do economics use data?

Economists use these models to understand past events and to forecast future events, e.g., demand, prices and employment. Methods have also been developed for analyzing or correcting results from use of incomplete data and errors in variables.

Which of the following will be accomplished by efficient allocations of the factors of production quizlet?

Terms in this set (13) Which of the following will be accomplished by efficient allocations of the factors of production? distributing goods and services.

What forces business industries and governments to make decisions?

It exists because human wants for goods and services exceed the quantity of goods and services that can be produced from all available resources. Resources are scarce; therefore consumers, businesses, and government decision-makers are forced to make choices. All choices have opportunity costs.

Which activity would a consumer most likely perform?

Introduction to Economics Quiz 2. Which activity would a consumer most likely perform? sufficient products to meet consumer wants.