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:
B) $4,000
Explanation:
The computation is shown below
As the QBI deduction can be less of
20% of Qualified business income
OR
20% of net capital gain
So the 20% of qualified business income is
= $20,000 × 20%
= $4,000
And, the 20% of Net capital gain is
= ($65,000 - $10,000) × 20%
= $11,000
So, the lesser amount between $4,000 and $11,000 is $4,000
A strength of the market economy is that resources are used efficiently.
<h3>What is a market economy?</h3>
- A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.
- The existence of factor markets that control the distribution of capital and the elements of production is a key feature of a market economy.
<h3>What are a market economy's four characteristics?</h3>
- A market economy is characterized by private property, freedom, self-interest, competition, and minimal government involvement.
- In a market economy, supply and demand are the driving forces.
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The manufacturing facility is impaired when the book value exceeds the total of estimated undiscounted future cash flows.
The manufacturing facility has an impairment loss of 15 million dollars because its book value exceeds undiscounted future cash flows.
<h3>When fair value exceeds book value, what happens?</h3>
An asset's value is "impaired" if its book value is higher than its fair value. Additionally, you are required to include the impairment loss in your income from continuing operations. The impaired asset's carrying value on your balance sheet is also affected by impairment losses.
<h3>How is an asset's impairment determined?</h3>
Resources are viewed as weakened when the book worth, or net conveying esteem, surpasses expected future incomes. The impairment must be reflected in the financial statements if it is permanent.
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In the scenario in which the company in which Duke, a a particularly highly skilled negotiator , works, is able to collect twice as much revenue per hour of Duke's time than it can for any other negotiator in town, <span>the increased revenue will </span>all go to Duke because, if it didn't, another firm could hire Duke away.
Duke's knowledge and ability lead to this.
