● One negative consequence of using automation to improve manufacturing production is that factories often need fewer workers. ● How does the use of new technology in industry benefit producers more so than consumers? Producers can quickly transport global goods. ● How has information technology impacted the economy? Choose three answers. It has allowed economists to better predict how resources should be allocated. It has assisted governments to make better economic policy decisions. It has expanded growth and outlook in information technology careers. ● What is the best definition of economic data? Economic data is information used for calculation, analysis, or planning. ● How does the use of new technology in industry benefit consumers more so than producers? Consumers have greater access to information. ● How can the use of new technology in industry benefit the US government? The government can react to economic changes quickly. ● When the US government becomes aware of economic changes, the discovery is most likely to influence how the nation allocates resources. ● This graph suggests unemployment in the United States will continue to rise. ● What are the benefits of instant communication and sales for consumers? Choose three answers. Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online. Customers can give feedback to producers instantly. ● Economic patterns help economists make forecasts, which are also called predictions.