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ludmilkaskok [199]
3 years ago
8

Say that the economy is in steady state. Assume now that the government implements an important educational program that makes c

ollege more accessible to the population. As a result, there is an improvement of technology and productivity in the economy. The other parameters in the economy remain constant. Comparing the new steady state with the original steady state, you can claim that
Business
1 answer:
Iteru [2.4K]3 years ago
3 0

Answer:

The country should become more efficient and productive as a result of the new educational program and the improvement in new technologies. This increases economic growth even if the rest of the economic factors remain the same. Higher economic growth increases the real GDP faster, decreasing production costs and increasing aggregate demand (better salaries earned by highly educated people) and aggregate supply.

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Service providers must offer cues to help their customers experience and perceive their service more positively and reinforce th
Savatey [412]

Answer: D

Explanation:

As the name implies, the most basic difference between a product and a service is that services are intangible, meaning they cannot be touched, tasted, or seen like a pure product can.

3 0
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American shoppers usually do not like it when a store is so cramped that the customers may touch one another while shopping. whe
koban [17]
Whe the <span>. butt- brush effect occurs, the purchase is very unlikely to happen.
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What is the difference between an increase in supply and an increase in quantity supplied?.
lyudmila [28]

Answer:

<u>An 'increase in supply' means the supply curve has shifted to the right while an 'increase in quantity supplied' refers to a movement along a given supply curve in response to an increase in price.</u>

Explanation:

7 0
2 years ago
A professional office center is purchased for $475,000. The land value is 20% of the total acquisition cost. What is the annual
Vika [28.1K]

Answer:

$9,744

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In the case of the annual  IRS depreciation deduction, the time period for each category assets are different. Like for commercial real estate, the time period is 39 years, for residential real estate, it would be 27.5 years.

The computation is shown below:

= (Purchase value of professional office center × remaining percentage) ÷ (applicable time period)

= ($475,000 × 80%) ÷ (39 years)

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3 years ago
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