Which statements describe effects of changes in information technology? Check all that apply. Economists are better able to predict how resources should be allocated. Governments can make better economic policy decisions. It has become more difficult for businesses to identify when shortages will occur. The amount of time to share data between locations has steadily increased. Employment in information technology sectors has grown.

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate