improvements in production\nmatch each effect with the correct category.\nunemployment rates may…

improvements in production\nmatch each effect with the correct category.\nunemployment rates may rise.\nconsumers pay less for goods.\ntechnology replaces human labor.\ngoods cost less to produce.\nbenefits\nconsequences

improvements in production\nmatch each effect with the correct category.\nunemployment rates may rise.\nconsumers pay less for goods.\ntechnology replaces human labor.\ngoods cost less to produce.\nbenefits\nconsequences

Answer

Brief Explanations:

  • Benefits: When goods cost less to produce, producers can potentially sell at lower prices, so consumers pay less for goods. This is beneficial.
  • Consequences: Technology replacing human labor can lead to unemployment as fewer workers are needed, thus unemployment rates may rise.

Answer:

  • Benefits: Consumers pay less for goods, Goods cost less to produce
  • Consequences: Unemployment rates may rise, Technology replaces human labor