Value-based marketers believe that consumers want their needs and wants to be met and a price that is a good value when they purchase a product.
Value-based marketers focus on creating products that meet the needs and wants of consumers while also providing a price that is perceived as a good value. This approach prioritizes the customer's satisfaction and loyalty over maximizing profits for the marketer. While a low cost for the marketer may be a secondary benefit, it is not the primary concern for value-based marketers.
Similarly, a price that is inexpensive may not necessarily be a good value if it does not meet the consumer's needs and wants. Therefore, value-based marketers prioritize providing products that meet the consumer's needs and wants while also being perceived as a good value.
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Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as ______________________ .
Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as restrictive practices.
How does competition affect the demand curve of a firm?When competing firms establish prices in response to the prices set by their competitors, the demand curve that each firm faces becomes ambiguous. Increased government wheat price subsidies will not make wheat growing more lucrative.
What has the regulator allowed firms to do to set prices?The regulator has allowed for an adjustment for the firm's usual rate of profit, and then established the price that customers can be paid correspondingly.
What are Restrictive practices?Restricted interventions are another term for restrictive practice. This is when someone is forced to do something they don't want to do or is prevented from doing something they want to do.
This can be accomplished by employing:
seclusion.environmental constraint medication (sometimes referred to as chemical restraint).mechanical restraint psychological restraint.Learn more about Restrictive Practices:
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Forrest corporation manufactures parts that are used in the production of washers and dryers. the following costs are associated with part no. 65: direct materials $50 direct labor 19 variable manufacturing overhead 22 fixed manufacturing overhead 15 variable selling costs 11 the company received a special-order inquiry from an appliance manufacturer in brazil for 15,000 units of part no. 65. only $3 of fixed manufacturing will be incurred on the order, and the variable selling costs per unit will amount to only $5. since forrest has excess capacity, the minimum price that forrest should charge the brazil manufacturer is:
Since Forrest Corporation has excess capacity, the minimum price that Forrest should charge the brazil manufacturer is $99.
What is the minimum price?The minimum price to charge the Brazilian manufacturer when excess capacity exists is determined by the variable costs incurred by Forrest Corporation and not the total costs.
Data and Calculations:Direct materials $50
Direct labor = $19
Variable manufacturing overhead = $22
Variable selling costs = $5
Fixed cost per unit $3
Total variable costs per unit = $99
Thus, since Forrest Corporation has excess capacity, the minimum price that Forrest should charge the brazil manufacturer is $99.
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In relationship selling, the buyer and seller invest in opportunities that are blank______.
In relationship selling, the buyer and seller invest in opportunities that are blank mutually beneficial
Relationship selling is a sales strategy that puts more emphasis on the exchanges between the customer and the salesperson than on the cost or specifics of the product.
Enhancing salespeople's interpersonal relationships with their clients and customers is one of the key goals of relationship selling. Customers could experience a lack of personal connection and feel like a number.
Even when the customer doesn't express it directly, relationship selling requires the salesperson to thoroughly comprehend the customer's problems, anxieties, and fears. And as a result, salespeople are able to establish long-lasting relationships with customers and forge emotional ties with them.
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Managers can be limited in their ability to influence the firm because of the _______________.
Managers can be limited in their ability to influence the firm because of the organizational environment.
The collection of forces that surround an organization make up its organizational environment. These influences can both present possibilities and challenges because they can restrict or enhance the organization's access to resources.
It consists of all factors that exist outside the organization's borders and have the ability to have an impact on either all or a portion of the organization. Government regulatory bodies, rival businesses, clients, vendors, and public pressure are a few examples.
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According to interdependency theory, the net profit or loss a person encounters in a particular interaction is known as the?
According to interdependency theory, the net profit or loss a person encounters in a particular interaction is known as the outcomes.
According to the social exchange theory known as interdependence, interpersonal interdependence—which is defined as "the process through which interacting people impact one another's experiences"—defines interpersonal relationships.
The consequences of this structure for human psychology are discussed in the interdependence theory along with the structural characteristics that define relationships. The interdependence theory views the relationships between people as being as important as the individuals themselves, in contrast to most psychological theories that place a strong emphasis on the individual, contending that people's distinct experiences, cognitions, or personalities are to blame for how they behave.
This makes the theory a truly social psychological one and provides a much-needed explanation of the nature and consequences of interdependence.
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Help please
Is political freedom or economic freedom more important in determining economic growth?
A.
Political freedom is more important, which can then lead to economic freedom.
B.
Both political freedom and economic freedom are equally important in determining economic growth.
C.
Neither political freedom nor economic freedom is very important in determining economic growth.
D.
Economic freedom is more important, which can then lead to political freedom.
The correct alternative is letter A. Political freedom is more important, which can then lead to economic freedom.
How does political freedom lead to economic freedom?Political freedom is a system that converges with democratic ideals, that is, greater freedom of social life and private property, which generates less state intervention in the economy, generating incentives for entrepreneurship and economic freedom.
Therefore, the greater the political freedom, the greater the economic freedom, which directly influences a country's economic growth rates.
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Credit unions are considered not-for-profit entities and therefore generally offer higher rates on savings accounts and lower rates on loans than most commercial banks do.
a. True
b. False
Credit unions are considered not-for-profit entities and therefore generally offer higher rates on savings accounts and lower rates on loans than most commercial banks do.
This statement is true.
A credit union is that financial cooperative which provides different traditional banking services. These services ranges in size from small, volunteer-only operations to large entities with thousands of participants allover the country.
Credit unions can be formed by large corporations, organizations, or any other entities for their employees as well as members.
Credit unions are owned, and operated by their participants only. Because they are not-for-profit enterprises credit unions enjoy tax-exempt status.
Credit unions always follow a basic business model in which members pool their money. In other words they buy shares in the cooperative.
Any income generated by the credit union is used to fund different projects and services that will benefit the community and the interests of its members.
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The Fisher effect indicates that an increase in the expected inflation rate will cause the real rate of interest to:
The Fisher effect indicates that an increase in the expected inflation rate will cause the real rate of interest to: increase by the same amount.
What Is the Fisher Effect?The Fisher Effect refers to the relationship between nominal interest rates, real interest rates, and inflation expectations. The relationship was first described by American economist Irving Fisher in 1930.
The relationship is described by the following equation:
(1+i) = (1+r) * (1+π)
Where:
i = Nominal Interest Rate.
r = Real Interest Rate.
π = Expected Inflation Rate.
The Fisher Effect is an important relationship in macroeconomics. It describes the causal relationship between the nominal interest rate and inflation. It states that an increase in nominal rates leads to a decrease in inflation. The key assumption is that the real interest rate remains constant or changes by a small amount.
Hence , we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
The Fisher effect indicates that an increase in the expected inflation rate will cause the nominal rate of interest to:
A. increase by the same amount.
B. decrease by the same amount.
C. become unpredictable.
D. remain relatively constant.
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Fernanda is a marketing professional who majored in marketing in college. She often feels like she's a demanding customer when she visits a restaurant, retail outlet, or other business, because she critiques the service she receives and hopes to be treated in such a way as to be satisfied and feel valued as a customer. Which of the following reasons to study marketing captures Fernanda's customer expectations?
a. Marketing plays an important role in society.
b. Marketing can be used in everyday life.
c. Marketing is important to business.
d. Marketing offers outstanding career opportunities.
The Age Discrimination in Employment Act prohibits employment discrimination on the basis of age against individuals up to forty years of age. Group of answer choices False True
True, Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.
It does not protect workers under the age of 40, although some states have laws that protect younger workers from age discrimination.These legislation collectively changed the workplace by removing obstacles to opportunity and establishing a foundation of fairness and equality. Congress acknowledged that age discrimination was mostly brought on by erroneous beliefs that ability was impaired by age when it passed the ADEA.Direct and indirect age discrimination are two of the most prevalent forms of this practice.What is the Age Discrimination Act of 1978?
Age-based discrimination against older workers in hiring, firing, layoffs, compensation, and other working conditions is illegal under the federal Age Discrimination in Employment Act (ADEA). Most employees 40 and older who work for companies with 20 or more employees are covered by the statute.Learn more about the Age Discrimination Act of 1978 brainly.com/question/15287392
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A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to:
A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to : Purchase
What is Purchase Discount?Purchase discount is deducted to the total purchases when computing for the net purchases. This account has a normal balance of credit and decreases the total amount of cost of goods sold.
What is Analytical procedures ?Analytical procedures refer to study of significant ratios and past trends and investigating unusual fluctuations.
Under analytical review procedures, an auditor compares financial information of the current period with those of the previous periods, applying techniques of ratio analysis and investigating the causes of unusual fluctuations and deviations.
Therefore, we can conclude that the correct option is C.
Your question is incomplete, but most probably your full question was:
A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to:
a. accounts payable
b. notes payable
c. purchases
d. sales discounts
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Renita, a merchant, has received a signed, written confirmation from Merchants, Inc. referring to goods she had not ordered. Renita should a. return the goods within two weeks of their delivery with a note attached saying she will not pay for the goods. b. object to the confirmation in writing within 10 days. c. call the seller and object to the confirmation as soon as she gets back from her two-week vacation. d. ignore the confirmation.
Renita, a merchant, has received a signed, written confirmation from Merchants, Inc. referring to goods she had not ordered. Renita should object to the confirmation in writing within 10 days. This is further explained below.
What are Merchants?Generally, trades in bulk, particularly with nations outside of the country or provides products to a certain industry.
In conclusion, Merchants, Inc. sent Renita a signed, written confirmation for products she didn't purchase, and Renita is a merchant. Within 10 days, Renita shall provide written confirmation of the agreement.
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How much actual competition occurs in perfectly competitive markets? some make the claim that there is actually no competition between firms in a perfectly competitive market
The competition in the perfectly competitive market are known to be few in the actual sense.
What is a perfectly competitive market?This is the type of market that is known to have barriers to entry in the market.
In such a business or a market type there is symmetry and their is perfect information existing for the consumers and the producers.
The following are the characteristics of this type of market
Firms that produce identical goodslarge number of buyersMany sellers of the productsThe buyers and the sellers have perfect information that would enable them to make decisions.Read more on perfect competitive market here: https://brainly.com/question/1748396
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As a student of business you recognize that the HR director believes that a person holding this postiion would be motivated by:_____.
As a student of business, you recognize that the HR director believes that a person holding this position would be motivated by job enrichment.
Job enrichment is the system of including motivators to current roles which will increase satisfaction and productivity for the worker. this could be done thru increasing autonomy, skill and assignment range, presenting feedback, and so on.
The difference between process enrichment and activity expansion is fine and amount. Task enrichment means improvement, or growth with the help of upgrading and development, while job growth manner to features greater responsibilities and an extended workload.
Task enrichment is a method of motivating personnel in which an activity is designed to have exciting and difficult tasks which could require more skill and can grow pay.
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If you pay $35.00 for a drug and the selling price is $50.00, what is the percentage markup based on cost?
The percentage markup base is 42.86%
What is markup?
Markup means profit as percentage of cost price whereas margin means profit as percentage of the selling price.
In this case, our emphasis is on markup, in other words, we need to first of all determine profit, which is the selling price minus the cost price, then compare the profit to the cost price in order to ascertain markup.
profit=selling price-cost price
selling price=$50.00
cost price=$35.00
profit=$50.00-$35.00
profit=$15.00
markup=profit/cost price
markup=$15.00/$35.00
markup=42.86%
In essence, the markup based on cost is 42.86% rounded to 2 decimal places.
If it were to be the case of margin, the profit per unit which is $15.00 would be compared to the selling price rather than cost price
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Jonas had a reputation for underestimating the abilities of his employees;__________workers were often let go after it had been deemed that they lacked the skills required to fulfill the responsibilities of the job.
Jonas had a reputation for underestimating the abilities of his employees; a. incompetent workers were often let go after it had been deemed that they lacked the skills required to fulfill the responsibilities of the job.
Who is an incompetent worker?An incompetent worker can be identified by the following characteristics:
LazinessLow performanceLateness to workBlaming others.Corrective actions should be taken to address incompetence with mandatory skills training.
However, the employer should be ready to take tougher decisions if the incompetence continues.
Answer Options:a. incompetent
b. able
c. substandard
d. diligent
e. responsible
f. apt
Thus, the workers that Jonas may be dismissing may be incompetent.
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Diligent workers were often fired after they were found to lack the skills necessary to fulfill job responsibilities.
What is the relevance of performance appraisal?It is a formal instrument used to analyze whether the employee is performing his duties as expected by the organization, that is, through certain requirements the HR department is able to analyze the employee's development, motivation and productivity at work.
Therefore, underestimating the skills of employees is not the ideal behavior for creating a positive culture, the ideal is for the company to provide feedback, training and enable the development of employees.
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using wheat to produce bread is an example of..?
a. value subtracting
b. value adding
c. product exchange
d. product transfer
e. product morphing
Jason McCurdy has a regular hourly rate of $10.75. During a two week period, he worked 80 hours (40 hours each week) and had deductions of $110 for federal income tax, $53.32 for social security tax, and $12.47 for Medicare tax. His gross pay was
Jason McCurdy's gross pay was $684.21.
Given that the regular hourly rate is $10.75. During a two-week period, he worked 80 hours (40 hours each week) and had deductions of $110 for federal income tax, $53.32 for social security tax, and $12.47 for Medicare tax.
Total working hours = 80 hours
Hourly rate = $10.75
Total payment = $10.75 × 80
= $860
Deductions = Federal Income Tax + Social Security tax + Medicare Tax
= $110 + $53.32 + 12.47
= $175.79
Gross Pay = Total Payment - Deductions
= $860 - $175.79
= $684.21
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Given equal amounts of alcohol and an equal rate of drinking, every woman's intoxication rate will rise faster than every man's.
a) true
b) false
Option A. This is true. Given equal amounts of alcohol and an equal rate of drinking, every woman's intoxication rate will rise faster than every man's.
What is intoxication?This is the term that is used to refer to the ability of alcohol to affect the mood and the emotions of a person in such a way that it would depress the central nervous system of the person that is involved.
The rate of the intoxication of the female is going to be higher because research has shown that the gender of a person is a deciding factor on intoxication. It is higher for the females. Hence Given equal amounts of alcohol and an equal rate of drinking, every woman's intoxication rate will rise faster than every man's.
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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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Advantages of using a credit card in small business financing include that?
Advantages of using a credit card in small business financing includes the following:
Provides a line of credit.
All business expenses could be paid by the employee.
Rewards are earned by the employee on every transaction.
Purchase protection is provided to the employee.
Business credit cards provide a line of credit which can be used to purchase anything that is needed for the business, from supplies to equipment every small item could be purchased.
Employees can also use the card for spending all business expenses, and one bill will be received with all the spendings and any employee spending monthly or quarterly.
All the purchases made by business card account earn rewards which includes any purchases employees make. Rewards can be easily redeemed in the variety of ways, such as gift cards, for merchandise and travelling.
Business cards also provide numerous travel and purchase protections to the employees.
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What effect will an increase in interest rates have on the quantity of loanable funds supplied?
As interest rates rise, borrowers' costs rise and they become less likely to borrow, according to the borrower's perspective (the source of demand in the loanable funds framework). When a result, as interest rates rise, less money is being demanded.
The borrowing process is described by the market for loanable funds. Savings are the source of the loanable funds available. It is predicated on borrowing that loanable funds are in demand.
The real interest rate and the amount of loans made depend on how the supply of savings and the demand for loans interact. Real GDP includes investment spending as a significant component.
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The lower-of-cost-or-market method can be applied to:_______
a. each major class or category of inventory.
b. total inventory as a whole.
c. each item in the inventory.
d. all of these choices are correct.
All of these choices are correct. The lower of cost or market method(LCM) is predicated on the assumption that when stockholders assess a company's inventory, it will be valued at either the market value or the historical cost, and that asset will be recorded accordingly on the balance sheet.
The cost of inventory at the time it was initially purchased is referred to as its historical cost. lower of cost or market method can be used to record the loss if the price at which the inventory may be sold dips below the net realizable value of the item, resulting in a loss.
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What does it mean when an interface does not display configuration settings when using the show running-config and show startup-config commands?
B) It means the configuration is running with default settings.
You can use the show Interfaces command to view configurable parameters, get interface statistics on the router, verify that an interface is down, and display the IP address of each interface.
Which of the displayed switches will be the STP root bridge if the default parameters are used? SW1. How does STP protect redundant Ethernet networks? Protects against frames traversing Layer 2 domains.
The show running-config command displays the current running configuration on the FWSM. The running-config keyword can only be used with the show running-config command. You cannot use this keyword with no or clear, or as a standalone command, because the CLI treats it as an unsupported command.
The question is incomplete. Please read below to find the missing content.
What does it mean when an interface does NOT display configuration settings when using the show running-config and show startup-config commands?
Question 38 options:
A) It means the interface is not active.
B) It means the configuration is running with default settings.
C) It means the interface is configured the same as the following entry.
D) It means the interface is configured the same as the previous entry.
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If the fed sells $5 billion of u. S. Bonds in the open market and the reserve requirement is 5 percent, m1 will eventually:.
If the fed sells $5 billion of u. S. Bonds in the open market and the reserve requirement is 5 percent, m1 will eventually decrease by $100 billion.
What is the effect of the sale of bonds on M1?
M1 is comprised of the most liquid money supply e.g. currency, demand deposits. When the Fed sells bonds they are conducting a contractionary monetary policy. The aim of this policy is to reduce the supply of money in the economy.
Reduction in the value of money = value of bonds sold / reserve requirement
$5 billion /0.05 = $100 billion.
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When the dollar strengthens the reported consolidated earnings of us based mncs are affected by translation exposure when:_____.
When the dollar strengthens the reported consolidated earnings of us based MNCs are affected by translation exposure when unfavorably, or favorably affected.
Borrow in foreign currency and convert to local currency before revaluation. Economic risk is a type of foreign exchange risk caused by the impact of unexpected currency fluctuations on a company's future cash flows, foreign investments, and earnings.
Since when the dollar is powerful the current of foreign purchased few of U. S dollar and in the case when the dollar is weak the condition is opposite
Therefore at the time of a powerful dollar, the consolidated earning MNC is unfavorably affected and at the time of weakens, it is favorably affected
As the dollar rises (the exchange rate rises), the relative prices of domestic goods and services rise and the relative prices of foreign goods and services fall. 1. Changes in relative prices cause US exports to fall and US imports to rise.
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Suppose that when the price of peanut butter falls from $5 to $4 per jar, the quantity of jelly purchased rises from 10 million jars to 15 million jars.
The cross-price elasticity of demand is -1.82
Calculate the cross-price elasticity of demand:
The formula to calculate the cross-price elasticity of demand is:
(92 -91)/[(02 + 91)/2]
Cross price elasticity
(P2- A)/[(P +P)/ 2]
(15-10)/ [(15+10)/2]
(4-5)/ (4+5)/2]
5/12.5
-1/4.5
0.4
-0.22
=-1.82
Therefore, the cross-price elasticity of demand is -1.82. Since the demand is negative
The goods are said to be Complements.
Your question is incomplete. Please read below to find the missing content.
Suppose that when the price of peanut butter falls from $5 to $4 per jar, the quantity of jelly purchased rises from 10 million jars to 15 million jars. Instructions: Round your answer to two decimal places and include a negative sign if appropriate. The cross-price elasticity of demand between peanut butter and jelly using the midpoint method is The goods are?
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An industry has three firms with unlevered betas of 0.7, 1.1, and 1.6. What is the discount rate to use for an unlevered firm that wants to enter this industry if the risk-free rate is 3 percent and the expected return on the market is 17 percent
18.9%
Finding a company's cost of capital is crucial in corporate finance for a few key reasons. For illustration, a corporation might calculate its net present value using the WACC discount rate. A lower WACC typically denotes a healthy company that can draw investors at a reduced cost. The industry has three firms with un levered betas of 0.7, 1.1, and 1.6. the discount rate to use for a un levered firm that wants to enter this industry is 18.9% if the risk-free rate is 3 percent and the expected return on the market is 17 percent
The WACC discount formula is: WACC = E/V x Ce + D/V x Cd x (1-T)
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Motor oil and gasoline are complements. If the price of motor oil increases, consumer surplus in the gasoline market
Motor oil and gasoline are complements. If the price of motor oil increases, consumer surplus in the gasoline market may increase, decrease, or remain unchanged.
In terms of consumption, two things are complementary if they are typically consumed together. The two products that are frequently consumed together by customers are motor oil and gasoline. Similar to replacements, two things might make good or bad complements. The two things are always consumed together, often in some set proportion, if they are ideal complements.
For the majority of consumers, the right and left shoes are an example of the ideal complement. It is challenging to purchase the two items separately because they are frequently consumed together. Again, each buyer must decide for themselves if a product is a substitute, a complement, or unrelated to another.
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Income inequality in the United States has increased somewhat over the past 30 years. Two factors that appear to have contributed to this are
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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