25 points which statements describe effects of changes in information technology? check all that apply. a. economists are better able to predict how resources should be allocated. b. governments can make better economic policy decisions. c. it has become more difficult for businesses to identify when shortages will occur. d. the amount of time to share data between locations has steadily increased. e. employment in information technology sectors has grown.

A is correct and applies

Changes in Information Technology would result in improved cataloging of information and hence would permit the economists within the economy to accumulate efficient and accurate information which would then help them in designating resources in an efficient way. Prevalence of correct information equips economists with a better understanding of how resources can function and where would their placement be accurate.

B is correct and applied

With more economic data available at its disposal, the government has a holistic view as to how the economic region is progressing or otherwise. This then permits the government to study the region in depth and allow the government to formulate more effective policies that would help bring in increased benefits to the society and help the government achieve its macroeconomic objectives.

C is incorrect and doesn't apply

Changes in information technology are beneficial for businesses since they equip the business with increased aspects of tools which would allow the entity to make improved estimations of the scenarios that it is a part of. Therefore, with Information Technology at hand, it will be easier for the businesses to identify problems faced and shortages about to occur before hand.

D is incorrect and doesn't apply

Information Technology decreases the time it takes for data to be transferred. This then permits transfer of data to take place at a higher and elevated pace. Irrespective of the distance that is present between locations, it is of immense importance that IT is able to cover that distance in a matter of few seconds, hence leading this statement to be false.

E is correct and applies

Changes in Information Technology would result in an increased demand or decreased demand for more human capital. Hence, with improvements in IT, there will be an increased demand in the economy resulting in more employment found within the sector and an increase use of human capital within the industry.

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explanation:

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