Answer:
Increases; higher
Explanation:
Skill-Biased Technology Change can be referred to as a shift in the production technology that takes preference of high skilled labour or workers over unskilled labour or workers.
This is achieved by increasing its relative productivity and, therefore, its relative demand.
Also, human capital is the accumulated knowledge (from education and experience), skills, and expertise. When education advancement reduces human capital reduces which at the long run reduces the number of skilled labours.
If there's a reduction in the number of skilled labours, then firms and organisations will be willing to pay huge sum of keep their available skilled labour and to hire new ones.
Answer:
D) zone of tolerance.
Explanation:
Zone of tolerance: It defined as the service acceptance level of the customer beyond which the customer does not tolerate the service. it is an area between desired service and acceptable service, the acceptable service is the standard service in the market, which is made by advertisements and other communication sources.
In the given case, Nicole is able to deliver the acceptable service to the customer instead of being understaffed as she knows customer´s "zone of tolerance" before going elsewhere.
Answer:
<em><u>The answer is</u></em>: <u>Net income.</u>
<u />
Explanation:
Net income is a measure of the profitability of a company, or person. It is the income of an amount less the cost of goods sold, expenses, depreciation and amortization, interest and taxes for an accounting period.
<u>For households and individuals</u>, net income refers to gross income, less taxes and other deductions, for example, mandatory pension contributions. It is usually the basis for calculating how much income tax is owed.
<em><u>The answer is</u></em>: <u>Net income.</u>
Answer:
B. GDP includes non market production and is therefore a good measure of a nation's overall welfare
Explanation:
- A GDP is a total values of the goods and the services that are produced within a given country border and thus is the most common measure of measuring the country in terms of the size of the economy.
- Thus can tell the health of the country and is the monetary value of all the goods and services. The non market activities include the production of the food at homes these services don't account for the in-country GDP.
Answer:
Differentiation strategy
Explanation:
Differentiation strategies seek to create higher value for their customers by producing goods and services that offer unique features that differentiate them form their competitors. This is done while trying to keep the same or similar (maybe a bit more expensive) price levels as the competition
.
In this case Beach Grub offers a differentiated service while keeping their prices higher than the competition but not as high as luxurious restaurants.
