Has the relative price of coffee changed? In 2012, the Gallup Poll reported that only of American families owned their homes, the lowest percentage reported in a decade. How has technology directly benefited consumers? Answer and Explanation: 1. To learn more about the technology, refer to: Learn more about this topic: fromChapter 3 / Lesson 8. How has technology affected the economy? Check all that apply. Robots have taken over some jobs in - Brainly.com. The pharmaceutical industry has become less vital to the economy. What are the benefits of technology in economics? Usage of the Internet has outmatched the adoption of computers.
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. Competition between companies has led to new products. Use this information to work Problems 1 and 2. Therefore, options E and F are correct.
It spreads entertainment and popular culture through social media. Draw Amy's new budget line. Competition to develop new products has had mostly positive effects. Capital, C. Human Capital, D. Land, F. Technology and H. Entrepreneurs. Recent flashcard sets. Internet usage has declined even as the use of computers has increased. How has technology affected the economy check all that apply to international. The Internet has primarily affected entertainment, rather than politics or the economy. Question: Which of the following are economic resources? Recommended textbook solutions. A) In words, what will their hypotheses be? Students also viewed.
It has increased employment opportunities. The Internet was first used by astronauts on the International Space Station. Become a member and unlock all Study Answers. How has technology affected the economy check all that apply to business. The Internet was created by the US Department of Defense for military purposes. Try it nowCreate an account. In 2015, an online petition started by a New York City construction worker resulted in increased funding of ________. As more and more people have used computers, Internet usage has increased.
See economics resources examples. Other sets by this creator. Automation has been phased out of most factories. 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. Technology can make it difficult to create interpersonal connections.
It is a network of millions of computers connected to each other. Online education is available only at the college level and not in high school. It has created the ability to purchase goods with the click of a button. Many employees are able to do their jobs from home.
Technology leads to improvement in mobility of factors and increases the efficiency. It was introduced to and used by consumers beginning in the 1980s. Costs are rising higher and higher for courses offered online. 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.