Answer:
b. increase as the demand for high tech skills increases.
Explanation:
Due to the fact that the demand for technological products is increasing, the demand for people who possess high tech skills would also increase as firms would want to provide more tech products to satisfy the demand of consumers.
This would lead to an increase the demand for people with high tech skills. When demand exceeds supply, wages would rise.
I hope my answer helps you
1.) b
2.)c
3.)b
4.)I think d
5.) a maybe
6.)c
Answer:
Letter d is correct. <em>Responsiveness.</em>
Explanation:
Responsiveness is the dimension of quality of service that is most important to Veronica because she is a customer whose primary service need is speed.
To achieve this dimension of quality of service, the company must implement strategies that help optimize the speed with which its service is delivered to the customer. To assess responsiveness, the company needs to obtain data on how long it provides customer response, and then align your prospect's needs with their response time.
Answer:
Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.
If I am wrong please correct me.
The central bank would expand the money supply by $200 billion if nominal GDP rose by $800 billion during a period when velocity was 4.
nominal spending + velocity of money monetary supply equals nominal GDP monetary supply
The phrase nominal gross domestic product (GDP) refers to GDP calculated using current market prices. The total dollar value of all the products and services produced in a nation is its GDP. Since inflation-related price fluctuations are excluded from nominal GDP, it differs from real GDP.
One way to gauge the strength and prosperity of a country's economy is to look at its gross domestic output. It is the total value of all commodities and services produced over a given time period less the value of all people engaged in that production.
The measurement of economic production known as nominal GDP takes into account current prices. To put it another way, it does not adjust for inflation or the rate of price increases, which can skew the growth estimate. The prices that the items were actually sold for in that year are the values used to calculate the nominal GDP.
Learn more about GDP here
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