C: rapid technological change and expanding international trade
About Technological change:
Ours is a time of amazing new technologies. It is frequently described in epochal terms, as a time of technological renaissance propelled by brilliant new technologies, a second machine age, and a new industrial revolution.
Technological change and income inequality:
Technology drives productivity, which drives economic growth. However, as digital technologies have grown in popularity, productivity growth has slowed rather than accelerated. This is a great modern paradox.
Meanwhile, income inequality in the United States has increased sharply, more so than in other major advanced economies. Since the early 1980s, the top 10%'s share of national income has increased from 35% to 47%.
Job insecurity has grown, as have fears of a "robocalypse"—massive job losses due to automation. Intergenerational economic mobility has decreased as income inequality has increased.
Complete Question
Income inequality in the United States has increased somewhat over the past 30 years. Two factors that appear to have contributed to this are
A: tax cuts on high-income individuals and large increases in prices of stocks.
B: strong economic growth and low inflation.
C: rapid technological change and expanding international trade.
D: outsourcing of jobs by U.S. firms and cuts in taxes on capital gains.
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Maximizing local profit or minimizing cost in a supply chain is best described as?
When a company engages in maximizing local profit or minimizing cost in a supply chain, this can best be described as local optimization.
What is local optimization?This refers to a when a company acts to gain competitive advantage in a local supply chain.
To do this, the company would need to maximize the profits it gets locally while minimizing the costs of running a supply chain.
When this happens, the company can be said to have achieved local optimization because they have found the optimal solution to getting more profit at less cost in the local area that they were focusing on.
In conclusion, this is local optimization.
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Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not enforceable because.
7. Option b. Consideration is mutual i.e. both parties get something in the return for the performance of the contract. However, Esmeralda has not given consideration in exchange.
Esmeralda was given the chance to audition for the Performing Arts High School which she succeeded in. She then moved to New York and attended School, studying drama and dance.
Esmeralda Santiago wrote her autobiography "When I Was Puerto Rican" which narrates her and her family's life moving from Puerto Rico to America. The book also follows the Puerto Rican girl through the many obstacles that she had to endure and overcome to change her life.
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Which first aid supply is applied over a wound to control bleeding and prevent contamination a clot of blood under the skin is called a?
Pressure bandage is applied over a wound to control bleeding and prevent contamination a clot of blood under the skin.
A pressure bandage is also known as a pressure dressing.
It is a bandage that has been designed to apply pressure on a particular area of the body so that an instant relief could be got.
Generally a pressure bandage has no adhesive and is always applied over a wound that has been covered with an absorbent layer. The absorbent layer can or can not be held in place with an adhesive.
Pressure bandages are mostly used to control bleeding and encourage blood clotting. It does not constrict normal blood circulation. They help in minimizing the swelling,
in protecting the wound from contamination,
in protecting the injured area from additional trauma,
and in preventing heat and fluid loss.
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The change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources is called:_______
Comprehensive income is the change in equity during the period from the non-owner related transactions.
Net income and unrealized income, such as unrealized profits or losses on financial instruments used as hedges or derivatives and gains or losses from foreign exchange transactions, are both included in comprehensive income. It offers a comprehensive understanding of a company's earnings that the income statement cannot fully convey.
Comprehensive Income, according to a company's financial reporting, "includes all changes in equity over a period, excluding those attributable to owner investments and distributions to owners."
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Suppose that a firm produces wool jackets in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve.
Because the market depicted above is a monopolistically competitive market, it is easy to see that there is is a long run equilibrium situation because the price is equal to the Average Total Cost curve for each firm, where the quantity is optimal.
What is a monopolistically competitive market?Monopolistic competition is a market system in which numerous enterprises exist in an industry and create similar but distinct products.
None of the firms has a monopoly, and each company acts independently of the actions of the others.
From the attached graph and the information given,
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Full Question:
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that [P>ATC/ MR > MC/ P = ATC/ MR = MC] at the optimal quantity for each firm. Furthermore, the quantity the firm produces in long-run equilibrium is [equal to/ greater than/ less than] the efficient scale.
True or False: This indicates that there is excess capacity in the market for jackets.
Monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. The presence of the [product variety/ business-stealing] externality implies that there is too little entry of new firms in the market.
A(n) _______ benefits program can also be referred to as a flexible benefits programs.
A(n) full-flex benefits program can also be referred to as a flexible benefits programs. It is a type of cafeteria plan benefit under Section 125 of the Internal Revenue Code. It offers workers an alternative.
What is an internal revenue code?The Internal Revenue Code, formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code.
Therefore, the correct answer is as given above
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When selling new securities, corporations must release all information regarding the investment in a document known as a(n) _____.
When a corporation is selling new securities, then they will have to release all information in a prospectus.
What is a prospectus?An investment prospectus is a legal requirement when new shares are to be sold in the market.
The prospectus will have things such as the details of the company and any other thing that would influence the buying decision.
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Alice listed a three-bedroom home for her client, but before she finds a buyer, the home burns to the ground. what happens to the agency agreement that alice has with her client?
What would happen to the agency agreement is that it would be terminated based on the fact that this house has been burnt to the ground.
What is an agency agreement?This is the term that is used to refer to the business arrangement that would have a particular person that is known to be an agent who is in charge of working for the other client who is the principal. This person helps the principal to arrive at deals and also close these deals.
In the agreement here, everything would be terminated based on the fact that the property that is the object of the deal is no longer in existence. Hence the deal can no longer go on.
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Charlies pizza collected $150 in sales tax for the quarter. which of the following accounts should be used in order to post the sales tax?
The account that should be used in order to post the sales tax is only Sales Taxes Payable.
What is sales tax?A sales tax is an indirect tax that is levied on certain goods meant for consumption. It is a tax levied on customers when they purchase goods or services, hence calculated as a percentage of the value of the goods sold.
The sales tax is the responsibility of the final consumer only; any intermediate buyer must produce a resale certificate to clear it and sales taxes are levied on any buyer who can not produce such a document.
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Which type of collaboration software could best help an organization increase engagement between remote employees and those who are ""in-house"" or organization-based?
The class of collaboration software that help an organization to increase its engagement between remote employees and in-house employees includes:
cloud-based forumsmessagingmeeting appsWhat is a collaboration software?A collaborative software is also called a groupware.
This class of software are computer program that shares data between computers for processing such as a several programs which have been written to harness the vast number of computers connected to the Internet.
Hence, the cloud-based forums, messaging and meeting app are the class of collaboration software that help an organization to increase its engagement between remote employees and in-house employees
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After you replaced the system board on an hp workstation, your customer asks you to reconfigure the hardware raid. What should you do first?
After a person has replaced the system board on an HP workstation, and a customer asks them to reconfigure the hardware RAID, the next step will be to:
Enable RAID in the system's BIOSHow can one reconfigure the hardware RAID?To reconfigure the hardware RAID, the first step will be to enable RAID in the computer's basic input and output system. The BIOS contains vital information that can be followed when trying to set up computer hardware.
The person who wants to reconfigure the hardware will see the RAID setup tab on the storage system. After clicking on this, they can OK RAID configuration and the action is applied as desired.
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In theory, preparing the initial budget is the responsibility of the ––––––––––––– and the legislature. in practice, preparing the budget is primarily the responsibility of the ––––––––––––– .
In theory, preparing the initial budget is the responsibility of the governor and the legislature. in practice, preparing the budget is primarily the responsibility of the legislature.
An assembly with the power to enact laws for a political unit, such as a nation or city, is known as a legislature. They are frequently put in opposition to the government's executive and judicial branches. Primary legislation is the term used to describe laws passed by legislatures.
The total income available to spend should be the biggest consideration when planning a budget. It is a great way to track expenditures and also organises your finances. A budget is a plan that helps to make sure that one does not run out of money by ensuring a proper estimation of income and expenditures.
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Empirical studies of labor markets have identified several benefits firms receive from paying workers more than the market-clearing wage. These studies tend to support the?
The empirical studies of labour market and wages support the labour market equilibrium.
On a general note ,workers prefer to work when the wages are a bit high that is supporting their economic status and firms prefer to hire when the wage is low.
The market clearing wage does not create any upward or downward pressure on wage resulting equilibrium of too many jobs or few available workers vice versa.
Hence, the value of marginal product of labour equals the competitive wage.
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If the grievance committee concludes potentially unethical conduct may have occurred:.
When the Grievance Committee suspects possibly unethical behavior, they hold an investigation to see if the Code's provisions have been broken. A code of ethics outlines the moral principles and best practices that an organization should adhere to in order to be honest, ethical, and professional. If an organization's members violate the code of ethics, there may be consequences, including firing.
The grievance committee main responsibility is to examine complaints that haven't been settled at the staff or administrative levels and, if necessary, to mediate disputes. Examples of this type of grievance include discipline, unethical conduct, categorization conflicts, benefit denial, and so on.
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Which of the following effects is seen on the money supply and the economy when the Federal Reserve Board raises the discount rate? Multiple Choice People are encouraged to make major purchases, increasing economic activity. Inflation increases, the money supply increases, and economic activity increases. Interest rates increase and the money supply decreases. Interest rates decrease and the money supply increases. Banks make more loans, the money supply increases, and economic activity increases.
When the Fed engages in the action of raising the interest rate, the effect on the money supply and the economy is Interest rates increase and the money supply decreases.
What happens when the discount rate rises?When the discount rate of the nation is increased, it means that the Fed has increased the interest rate at which it loans out money to commercial banks.
As a result, commercial banks will be forced to raise their own rates which would lead to a decrease in money supply as companies and individuals will borrow less money and inject it into the economy.
In conclusion, a rise in the discount rate leads to a fall in money supply.
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The ________ level of the customer-value hierarchy, which includes brand positioning and competition in developed countries, involves preparation of a product that exceeds customer expectations
Answer: Augmented Product
Explanation:
Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called:________
Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called Venture capital
Venture capital (VC) is a sort of private equity and financing provided by investors to start-up enterprises and small businesses with the potential for long-term growth. The majority of venture capital is often provided by wealthy individuals, investment banks, and other financial organizations.
A venture capital fund is a type of private equity that is funded by institutional and private investors, including investment banks, insurance providers, and pension funds. Due to its unstable character, venture capital investing is also known as patient risk capital or risk capital.
A form of equity financing known as venture capital (VC) involves investing money in exchange for equity, usually a small interest in a business that appears to be set for rapid expansion.
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If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is
If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.
What is meant by progressive taxes?The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families. A tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on investment income, interest income, rental income, estates, and tax credits are a few examples of progressive taxes.
Based on the amount of tax you must pay relative to your income, taxes can be classified as regressive, proportional, or progressive. As your income declines, regressive taxes force you to pay a bigger proportion of your individual income in taxes. Tax reductions enhance people' discretionary income while reducing the government's revenue. Tax reductions typically refer to decreases in the percentage of income, commodities, and services subject to tax. Tax reductions serve as an illustration of an expansionary fiscal strategy since they give consumers greater discretionary income.
So, If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.
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Spence recently graduated from high school. He is learning to be a drywaller by working with Phillip, who has more than a decade of experience in the trade. After several years, Spence expects to apply for jobs in the field on his own, then, one day, perhaps start his own business. Spence's current training exemplifies:
Answer:
an apprenticeship
Explanation:
If a firm can raise market price by reducing its output, then:
If a firm can raise the market price by reducing its output, then It faces a downward-sloping demand curve.
If a superbly aggressive company increases its rate above the prevailing market fee, it'll lose its entire marketplace proportion, and income will lessen to 0.
Monopolists aren't allocatively efficient, due to the fact they do not produce at the amount wherein P = MC. As a result, monopolists produce less, at a higher average cost, and rate a higher price than could a combination of firms in a superbly competitive enterprise.
The monopolist will choose the income-maximizing degree of output in which MR = MC, and then fee the fee for that quantity of output as decided by using the marketplace call for curve. If that rate is above average fee, the monopolist earns high-quality earnings.
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Firms will typically maintain a list of research and development projects ranked by expected rate of return. Expected rate of return is defined as:
Expected rate of return is defined as the amount of money an individual gets on investment.
What is expected return?The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.
Therefore, expected rate of return is defined as the amount of money an individual gets on investment.
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What is an analysis of environmental impacts of products from the design stage through end-of-life?
Life cycle assessment is an analysis of environmental impacts of products from the design stage through end-of-life.
Life cycle assessment (LCA), also referred to as environmental LCA, is a systematic, standardized technique for quantifying the capacity environmental effects of a product or technique that arise from uncooked substances extraction to stop lifestyles.
Lifestyles-cycle evaluation (LCA) is a procedure of comparing the outcomes that a product has on the surroundings over the complete length of its lifestyle thereby increasing aid-use efficiency and lowering liabilities.
Existence cycle assessment or LCA is a technique for assessing environmental effects associated with all the stages of the existence cycle of an industrial product, manner, or service.
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Tammy has had a lot of success investing in preferred stocks. She wants to invest in other assets that are very similar to preferred stocks. What options would BEST match her investment preferences
If Tammy wants to invest in assets that are very similar to preferred stocks because she has been successful with them, she should try common stocks and corporate bonds.
What investments are similar to preferred stocks?Corporate bonds are quire similar to preferred stocks because they involve getting a specified amount every period just like the dividends on preferred stocks.
Common stocks are also similar to preferred stocks because they get dividends and both represent an ownership stake in a company.
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Why do you think organizations tend to focus on the creation of one type of value but not both?
Organizations tend to focus on the creation of one type of value but not both because organizations do believe that the social value created by any organization has equal importance as their economic value. Due to this organizations believe that the creation of any value either the social value or economic value is enough.
Social value means the enhancement of the people and their lives by the combination of different resources.
Economic value means the creation of money or value in any economy by the organization.
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XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; SH x SR = $85,000. Compute the labor efficiency variance.
Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable
What is the labor efficiency variance?This can be found as:
= (Actual hours x Standard rate) - (Standard hours x Standard rate)
Solving gives:
= 83,000 - 85,000
= $2,000 unfavorable
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Banks decide to do away with fees charged when other banks' customers use the banks' own ATMs. If the Federal Reserve wants to maintain the same federal funds rate, it should:
If the Federal Reserve wants to maintain the same federal funds rate, it should sell treasury bills.
What is Federal Reserve?The Federal Reserve System is the United States of America's central banking system. The Federal Reserve Act was enacted on December 23, 1913, in response to a succession of financial panics that led to a need for central control of the monetary system in order to relieve financial crises.What are treasury bills?Treasury bills (sometimes known as T-bills) are short-term securities that mature in one year or less from the date they are issued. T-bills are purchased for less than or equal to their face value, and when they mature, the Treasury pays the face value.If the Federal Reserve wishes to keep the federal funds rate constant, it should sell treasury bills.
Therefore, if the Federal Reserve wants to maintain the same federal funds rate, it should sell treasury bills.
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Attitudes (usually negative) toward others based on their gender, religion, race, or membership in a particular group, are the basis of _____
Attitudes (usually negative) toward others based on their gender, religion, race, or membership in a particular group, are the basis of prejudice.
What is Prejudice?An impression or view about someone that is solely based on that person's membership in a certain group is referred to as prejudice. People may harbor bias toward others who are of a different race, gender, or religion, for instance. When someone behaves in accordance with their preconceived notions, they are prejudging (thus the name "prejudice") someone before they have the opportunity to get to know them better. This is an unreasonable attitude and perspective that is detrimental to everyone involved.For instance, a person may have many preconceived notions about someone who is Christian, Muslim, or Jewish and permit those opinions to influence how they perceive and treat such others. People who are Black or White may experience the same thing.
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What is the rate of average annual net income to the initial investment or average investment (book value) called?
The rate of average annual net income to the initial investment or average investment (book value) is called accounting rate of return.
The accounting rate of return (ARR) is a formula which reflects the percentage rate of return expected on an investment or any asset, when compared to the initial investment's cost or in other words the book value of asset.
The ARR formula divides an asset's average revenue by the company's initial investment to take the results of the ratio or return that can be expected over the lifetime of an asset or project by a person.
ARR do not consider the time value of money or cash flows, which can be an integral part of maintaining a business.
The accounting rate of return is a capital budgeting method which is useful if any person wants to calculate an investment's profitability quickly.
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A decision by the federal reserve to change reserve requirements for banks is an example of?
A decision by the federal reserve to change reserve requirements for banks is an example of monetary policy. Central bank of a country uses a set of instruments called monetary policy to regulate the total amount increase the amount of money in circulation, promote economic growth, and put policies in place like modifying interest rates and bank reserve requirements.
With a twin purpose to maximise employment and contain inflation, the Federal Reserve Bank of the United States carries out monetary policy. Reserve requirements, the discount rate, and open market operations are the three monetary policy tools that the Federal Reserve frequently employs.
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influences the degree to which the GDP changes if there is a change in the rate of return on a firm's potential project or the real interest rate.
The multiplier influences the degree to which the GDP changes if there is a change in the rate of return on a firm's potential project or the real interest rate.
In phrases of gross home product, the multiplier effect reasons gains in general output to be greater than the change in spending that brought about it. The term multiplier is usually used in connection with the connection between government spending and overall countrywide income.
The multiplier impact refers back to the effect on national income and the made of an exogenous growth in call for. as an example, think that investment call for increases with the aid of one. Corporations then produce to fulfill this call for. That the national product has improved manner that the national earnings has multiplied.
An effect in economics is while an increase in spending produces an growth in national earnings and consumption greater than the preliminary amount spent.
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