Tec    1) Technological improvements in the U.S.
economy have:

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Question: Tec    1) Technological improvements in the U.S. economy have: A)  &nbsp…
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A)                 
reduced the costs of production for U.S. companies.

B)                 
increased production levels in the United States.

C)                 
shifted the U.S. PPF to the right.

D)                 
All answer choices are correct.

Please provide detail explanations with
answer


2) At any price below the equilibrium
price:


A) the quantity demanded equals the
quantity supplied in the market.

B) the quantity demanded exceeds
the quantity supplied in the market.

C) demand exceeds supply in the
market.

D) the quantity
demanded is less than the quantity supplied
in the market.

Please provide detial explanations with answer
thank you


3) If a city government were to
impose a ceiling price on rental prices in
the downtown area:


A)quantity supplied would increase.

                          

B) supply would increase.


C) an illegal market would likely
emerge.

D) quantity demanded would
decrease.

Please provide the answer with details and
explanations thank you

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