The economy is currently on its production possibilities frontier (PPF). A politician says that it is possible to get more of everything---more infrastructure, more schools, more national defense, more spending on social programs, and so on. The politician is Group of answer choices correct if he is assuming a PPF that does not change. incorrect if he is assuming a rightward-shifting PPF. correct if he is assuming a rightward-shifting PPF.
Answers
The politician's assumption of a PPF that does not change is incorrect. The PPF, or production possibilities frontier, represents the various combinations of two goods that an economy can produce given its resources and technology.
On a graph, the PPF is depicted with one good on the x-axis and the other good on the y-axis. When the economy is producing at a point on its PPF, it means it is achieving the combination of goods that it prefers the most out of all the possible combinations it could produce. Points inside the PPF are considered inefficient, indicating that resources are not fully utilized. On the other hand, points outside the PPF are unattainable with the current available resources and technology.
A rightward shift of the PPF occurs when the economy experiences economic growth, typically resulting from an increase in resources or an improvement in technology. This shift signifies that the economy is capable of producing more of both goods compared to the previous PPF. Importantly, a rightward shift enables the economy to reach points beyond the previous PPF, expanding its production possibilities.
Therefore, the politician would be incorrect if they assume a PPF that remains unchanged. The dynamic nature of the economy, including factors like technological advancements and resource availability, can lead to shifts in the PPF, allowing for increased production and economic growth.
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Related Questions
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021.
March 1 Issues 55,000 additional shares of $1 par value common stock for $52 per share.
May 10 Purchases 5,000 shares of treasury stock for $55 per share.
June 1 Declares a cash dividend of $1.50 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,500 shares of treasury stock purchased on May 10 for $60 per share.
Required:
Record each of these transactions.
Answers
Answer and Explanation:
The journal entries are shown below:
On March 1
Cash Dr (55,000 × $52) $2,860,000
To Common stock (55,000 × $1 per share) $55,000
To Additional paid in capital - common stock $2,805,000
(Bein the issuance of the common shares are recorded)
On May 10
Treasury stock Dr (5,000 shares × $55) $275,000
To Cash $275,000
(being the purchase of treasury stock)
On June 1
Dividend Dr (150,000 shares × $1.50) $225,000
To Dividend payable $225,000
(Being the cash dividend is declared)
On July 1
Dividend payable Dr (150,000 shares × $1.50) $225,000
To cash $225,000
(being the dividend paid is recorded)
On October 21
Cash Dr (2,500 shares × $60) $150,000
To Treasury stock (2,500 shares × $55) $137,500
To Additional paid in capital - treasury stock $12,500
(Being the reissuance of the treasury stock is recorded)
The all-encompassing term that refers to the marketing of goods or services through the use of e-mail, websites, search engines and social media platforms is A.technological marketing. B.computed marketing. C.social media marketing. D.content marketing. E.digital marketing.
Answers
The all-encompassing term that refers to the marketing of goods or services through the use of e-mail, websites, search engines, and social media platforms is digital marketing. Option E is the correct answer.
Digital marketing is the use of digital channels, devices, and platforms to promote products and services to consumers. Digital marketing has become an increasingly popular method of reaching consumers due to the widespread use of technology and the internet. It provides businesses with a way to reach their target audience on a large scale and at a lower cost than traditional marketing methods. Digital marketing includes a variety of tactics, such as search engine optimization (SEO), social media marketing, email marketing, content marketing, and more. Option E is the correct answer.
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TRUE / FALSE. ethnocentric management does not account for cultural differences in the work force.
Answers
It is false because ethnocentric management does not account for cultural differences in the workforce.
Does ethnocentric management consider cultural differences?
The ethnocentric management is an approach where the values, practices and norms of the home country are considered superior and applied universally disregarding cultural differences.
This management style assumes that employees from different cultural backgrounds should adapt to the dominant culture. Consequently, it fails to recognize and appreciate the unique perspectives, values, and needs of diverse employees.
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A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Answers
case analysis questions 1. what key considerations does the team at kobe need to keep in mind when developing the influencer marketing strategy for jia jia? 2. suggestion recommendations for the jia jia influencer campaign 3. what are the possible limitations of the kobe model?
Answers
1. The key consideration while designing an Influencer Marketing Strategy is that the Kobe team should bear in mind are:
Jia Jia aims to increase its client base by the end of 2019. The objective is 21 lakhs)
2. A suggestion for the campaign is that Kobe should to appeal to the millennial target demographic. They should also make use of targeted ADs and strong market positioning using related branding.
3. The limitation is in the time frame. They aim to reach the greatest number of people in the shortest amount of time. They ought to Plan on a two to three-week campaign. As a result, KPI should be planned properly.
What is Influencer Marketing Strategy?An influencer marketing approach makes use of digital producers that have a large effect on certain sectors or target audiences' purchasing decisions. You may collaborate with these folks to promote your brand, goods, and services through tailored messaging if your plan is effective.
Influencer marketing has several advantages, including greater interaction with potential consumers, the capacity to reach new audiences, and obtaining high-quality material that can be used across various marketing channels.
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Full Question:
Evangeline Leong and Cha Lin are the co-founders of Kobe, a start-up that specializes in influencer marketing for small and medium enterprise (SME) businesses.
Kobe is a leading social media marketing company in Singapore with a patented AI-driven advertising platform that pairs advertisers with relevant everyday influencers. It has more than 5,000 influencers on its platform, with an outreach of over 45 million followers and over one million engagements.
Kobe’s new client, Jia Jia, is looking for an innovative promotional strategy for their brand of herbal teas. Although herbal tea is popular in Singapore, younger customers tend to prefer bubble tea so Leong and Cha are tasked with making Jia Jia herbal tea the new trend in Singapore.
Kobe is a Singapore-based start-up and is well-placed there due to its large influencer base. Over the past few years, the company has expanded its business to the Philippines, Indonesia, Thailand, and China.
The case is set in May 2019, three years after Kobe was founded in 2016.
Case analysis questions:
1. What key considerations does the team at Kobe need to keep in mind when developing the influencer marketing strategy for Jia Jia?
2. Suggestions and recommendations for the Jia Jia influencer campaign
3. what are the possible limitations of the Kobe model?
what is your names my name is janaye
Answers
Answer:
Elijah but I go by Mayhem
Explanation:
Answer:
my name is Michelle
Explanation: LOL
As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.
Answers
Answer:
822 hours
Explanation:
The charge per hour is $10.25.
To earn a total of $8,425, one need to work ? hours.
1 hr =$10.25
? hrs = $8,425
?hrs = $8,425 / $10.25
=821.951
=822 hours
what were capital resources in the kingdom of mocha
Answers
Answer:
Bartering and the use of natural resources
Explanation:
It is correct
Many of the economic regulations put in place by the
U.S. government are intended to do which two things?
Answers
Answer: The answer to that question is to promote competition and prevent companies from taking unfair advantage of consumers.
Explanation:
Anyone have an idea how to create a NPV Spreadsheet which intakes a 6% discount factor.
My actual question is very similar to this, If someone could give me a step by step breakdown it would be much appreciated
Answers
The way to calculate an NPV Spreadsheet using the NPV Function are:
=NPV(discount rate, series of cash flow)Step 1: Set a discount rate in a cell.Step 2: Establish a series of cash flows (must be in consecutive cells).Step 3: Type “=NPV(“ and select the discount rate “,” then select the cash flow cells and “)”.What is an NPV Function?This refers to the excel function that is used to calculate the net present value and the discount rates for cash flows.
Hence, we can see that given that you have the discount factor, the annual operating costs, and annual benefits, you would then need to add the present value of all +ve cash flows and subtract the present value of all -ve cash flows.
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In the process of mentoring, in which a more experienced employee guides and nurtures a newer, less experienced employee, it is recommended that:
a.) all senior employees in the department be assigned their turn as mentors to afford them the experience
b.) at the start of the relationship a specific length of time for the mentoring to last is established
c.) the manager closely monitors the mentor's behavior during the relationship
d.) mentors should serve voluntarily and willingly without being required to do so
Answers
Mentoring is the process by which a more experienced employee guides and nurtures a newer, less experienced employee. The process of mentoring provides an opportunity for an experienced employee to share knowledge and skills with less experienced ones.
It is recommended that mentors should serve voluntarily and willingly without being required to do so. The process should be an opportunity for the mentor to develop their skills, and therefore it should be voluntary.
The process of mentoring should also be a two-way street, where both parties gain valuable experiences from one another.
At the start of the relationship, a specific length of time for the mentoring to last is established to help both parties prepare for the mentoring period.
The relationship should be nurtured and monitored by the manager, but the mentor should be free to take responsibility for the mentoring process.
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Martin had 24 5 pounds of grapes left. which expression shows the pounds of grapes martin has if he doubles his current amount? (2) (2) (four-fifths) (2) (2) (four-fifths) (2) (2) (2) (four-fifths) (2) (2) (four-fifths)
Answers
If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is: (2) (2) (2) (four-fifths).
Double amount of grapesGiven: Current amount of grapes=2 4/5=14/5
Double amount of grapes=2×14/5=28/5
Hence:
2(2)+(2) 4/5
=4+8/5
=28/5
The expression is: (2) (2) (2) (four-fifths) or 2(2)+(2) 4/5.
Therefore If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is: (2) (2) (2) (four-fifths).
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Which of the following best describes intellectual property theft?
A. Stealing money from a cash register
a
B. Stealing ideas, information, or creative products
C. Stealing supplies from your employer
D. Stealing music CDs from a store
Answers
Answer:
stealing ideas,information, or creative products
Explanation:
Answer:
B. Stealing ideas, information, or creative products
Explanation:
How long should a cover letter be? A. Less than one page B. Two pages C. Three pages D. More than four pages Please select the best answer from the choices provided A B C D
Answers
Answer: A. Less than one page
Explanation:
Which of the following is true?
a. The sum of the unemployment rate and not in the labor force is never added together.
b. If MPC=0.65, then the multiplier is 2.86.
c. "Full employment" only exists when the actual unemployment rate is zero.
d. To an economist, an increase in demand means the same thing as an decrease in quantity supplied.
Answers
The statement that is true among the options provided is: "To an economist, an increase in demand means the same thing as a decrease in quantity supplied." In economics, an increase in demand refers to a shift in the demand curve.
In economics, an increase in demand refers to a shift in the demand curve, indicating that consumers are willing and able to purchase more of a particular good or service at each price level. This shift in demand does not necessarily imply a change in the quantity supplied. Quantity supplied, on the other hand, refers to the specific amount of a product or service that producers are willing to offer at a given price. A decrease in quantity supplied occurs when producers offer a lesser quantity at a particular price, which is different from an increase in demand.
Understanding the distinction between demand and quantity supplied is crucial for analyzing market dynamics and equilibrium. While an increase in demand suggests higher consumer interest, it does not inherently signify a decrease in the quantity supplied by producers.
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When an industry was monopolized by one?
Answers
A company is said to have a monopoly when it controls the entire industry or even a significant portion of it.
Traditionally, monopolies are advantageous to the businesses that hold them because they enable them to raise prices and reduce services without being penalized.
During the Industrial Revolution, what was a monopoly?
Businesses sought to establish monopolies in the latter part of the nineteenth century and the early twentieth. Because it could produce so much more of a product than its rivals, a company would have a monopoly if it were the sole manufacturer of a product or could dominate a particular industry.
During the Gilded Age, which company held a monopoly?
During the Gilded Age, a number of businesses held monopolies, the Standard Oil Company of John D. Rockefeller being one of the largest.
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________________________ equalizes the prices of internationally traded goods across countries.
Answers
Answer:purchasing power parity
Explanation:
Marketing has not always been viewed as an important part of business.
O True
O False
Answers
This is true that marketing has not always been viewed as an important part of business.
What is marketing?Marketing has not always been viewed as an important part of business. In fact, in the early days of capitalism, businesses primarily focused on production and viewed marketing as a secondary activity. It was not until the early 20th century that marketing began to be recognized as a distinct and important function of business.
The emergence of mass production, mass communication, and mass distribution systems in the early 20th century created a need for businesses to differentiate themselves from their competitors and reach out to their target customers through advertising and other promotional activities. This led to the growth of the advertising industry and the development of marketing as a key business function.
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Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
Answers
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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2. Suppose that there are five different lemonade stands in the same neighborhood. Explain
how the lemonade stands meet most of the conditions of perfect competition
Answers
Answer:
Eventually prices will equalize at all five lemonade stands.
Explanation:
Perfect competition is accomplished when, in an appropriate business, all firms have identical price arrangements and there is an adequately substantial amount of these same firms so that the production arrangement of any one firm has no obvious influence on the cost at which it commodity is marketed.
The lemonade made are similar in taste, thus they are identical products. Thus, if a lemonade seller increases the price of their good, buyers can patronise another lemonade seller. As a result, the price of lemonades would be the same among the five sellers.
Also, there is little or no barriers to entry for lemonade sellers.
A perfect competition is a market were there are numerous buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
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2. which of the following institutions is the most important participant in foreign currency markets? a. a commercial bank b. a foreign exchange broker c. a retail customer d. a central bank
Answers
The most important participant in foreign currency markets is a central bank.
Central banks play a crucial role in foreign currency markets due to their ability to influence monetary policy and control the money supply of a country. They have the authority to intervene in the foreign exchange market by buying or selling currencies to stabilize their country's currency or manage economic conditions. Central banks often hold significant foreign exchange reserves and have the power to implement monetary policies that impact exchange rates. While commercial banks, foreign exchange brokers, and retail customers also participate in foreign currency markets, the central bank's actions have the most significant influence and can have widespread implications for the market. Therefore, the correct answer is option d: a central bank.
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If you know a brand so well that you use its trademark name to describe all similar products, you are
exhibiting...
A. Brand Awareness
B. Brand Loyalty
C. Promotion Awareness
D. Promotion Susceptibility
Answers
Answer:
I think It's A. and C. or D. but I really think it's D. actually .
Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Answers
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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If you purchased additional land to expand your operation, how would you record this
transaction?
Answers
The purchase of additional land to expand your operation, you would follow these steps: Create a new account called "Land" in your general ledger to track the purchase. Debit the "Land" account for the cost of the land.
Credit the corresponding payment account, such as "Cash" or "Accounts Payable," to reflect the payment made for the land. Ensure that both the debit and credit amounts match. For example, if you purchased land for $100,000 and paid in cash, you would record: Land Account Debit: $100,000 Cash Account Credit: $100,000.
This transaction would show that you have acquired additional land for your business and paid for it in cash. It is important to keep accurate records of these transactions to properly track the value and ownership of your assets.
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A partnerhip contract hould be drawn up at the end of each year, prior to ditributing net income to the partner
Answers
A partnership contract should be drawn up at the end of each year in order to ensure that all partners agree with the distribution of net income to the partners.
This contract should include the total net income of the partnership, the total number of partners, and the share of the net income each partner is entitled to receive.
The contract should also include any other stipulations such as the use of profits for capital investments or the disbursement of profits for any other purpose. This document should be reviewed by all partners and signed by all partners in order to be legally binding. This will help ensure that the income is distributed fairly and that all partners are in agreement with how the profits are to be allocated.
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Abc corp has issued 10-year and 15-year bonds that mature on the same day and have the exactly same yield to maturity. If the current price of the 10-year bond is $889. 60 and of the 15-year bond is $1,194. 24, then which one of the bonds has a higher coupon rate?.
Answers
The coupon rate represents the annual interest payment as a percentage of the bond's face value.
Let's assume the face value of both bonds is $1,000 for simplicity.
For the 10-year bond:
Current price: $889.60
Face value: $1,000
Time to maturity: 10 years
For the 15-year bond:
Current price: $1,194.24
Face value: $1,000
Time to maturity: 15 years
Since the yields to maturity are the same for both bonds, we can assume they have the same discount rate. We can set up an equation using the present value formula to calculate the coupon rates:
10-year bond:
$889.60 = (Coupon Payment / (1 + Discount Rate)^1) + (Coupon Payment / (1 + Discount Rate)^2) + ... + (Coupon Payment + Face Value / (1 + Discount Rate)^10)
15-year bond:
$1,194.24 = (Coupon Payment / (1 + Discount Rate)^1) + (Coupon Payment / (1 + Discount Rate)^2) + ... + (Coupon Payment + Face Value / (1 + Discount Rate)^15)
Since the yields to maturity are the same for both bonds, the discount rates are the same in both equations. We can ignore them for now.
Simplifying the equations, we have:
10-year bond:
$889.60 = Coupon Payment / (1 + Discount Rate) + Coupon Payment / (1 + Discount Rate)^2 + ... + (Coupon Payment + $1,000) / (1 + Discount Rate)^10
15-year bond:
$1,194.24 = Coupon Payment / (1 + Discount Rate) + Coupon Payment / (1 + Discount Rate)^2 + ... + (Coupon Payment + $1,000) / (1 + Discount Rate)^15
Comparing the two equations, we can see that the 15-year bond has more terms, which means it has more interest payments. Therefore, to satisfy the equation and reach the same, the coupon rate of the 15-year bond must be higher. current price
In conclusion, the 15-year bond has a higher coupon rate than the 10-year bond.
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A stylist charges $20.00 per haircut. The total cost for running her home-based business is $4,000.00 per month, which includes her salary of $3,000.00 per month. To cover all these expenses and her salary, she must do a minimum of 200 haircuts per month.
Because the cost of living has gone up, she wants to increase her salary to $3,500, making her total monthly expenses $4,500.00
What is the minimum price she must charge for each of the 200 haircuts so she can cover this increased salary?
Do not forget to type the $ symbol when you enter your answer as shown below:
Example: $15.77
Hint: Your answer will have decimal point.
Answers
Answer:$22.50
Explanation: I took the quiz and got it right
What are the pros and cons of joining a union from an employee's perspective? Name and describe at least 3 pros AND 3 cons.
Answers
1. Collective bargaining: Unions can negotiate better wages, benefits, and working conditions on behalf of their members. Employees who are part of a union often have more bargaining power than those who are not.
2. Job security: Unions can provide job security by protecting employees from unfair termination or disciplinary action. Employees who are part of a union may also have more protection against layoffs or downsizing.
3. Legal representation: Unions can provide legal representation to their members in disputes with their employer. This can be especially helpful if an employee feels they have been treated unfairly or discriminated against.
Cons of joining a union from an employee's perspective:
1. Union dues: Union members are required to pay dues, which can be a significant expense. These dues are often a percentage of the employee's salary and can be a financial burden for some workers.
2. Limited individual bargaining: Employees who are part of a union may have limited ability to negotiate their own wages, benefits, and working conditions. Union contracts are negotiated collectively, which means that individual employees may not be able to negotiate a better deal for themselves.
3. Strikes and work stoppages: Unions may call for strikes or work stoppages as a bargaining tactic. While these actions can be effective in achieving union goals, they can also be disruptive to employees who may lose wages or benefits during the strike.
What taxes are paid directly to the government by taxpayers?.
Answers
Direct Taxes, as the name suggests, are unit taxes that are unit directly paid to the govt by the remunerator. it's a tax applied on people and organizations directly by the govt e.g. income tax, corporation tax, wealth tax etc.
Indirect Taxes are area units applied on the manufacture or sale of products and services. There are unit 2 forms of taxes particularly, direct taxes and indirect taxes. The implementation of each of the taxes differs. The intermediator later files a come back|income tax return|return|legal document|legal instrument|official document|instrument} and forwards the tax return to the government with the return.
Direct tax may be a tax that someone or an organization pays on to the entity that obligatory it. Examples embrace taxation, property tax, and private property tax.
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Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company
The following information is available for Gonzalez Manufacturing Company for the month ending July 31, 2016:
Cost of goods manufactured $168,800
Selling expenses 56,380
Administrative expenses 29,810
Sales 359,140
Finished goods inventory, July 1 40,580
Finished goods inventory, July 31 36,990
For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income.
Answers
The a) Cost of goods sold, b) Gross profit, and c) Net income for a Manufacturing Company are a) $172,390, b) $186,750 and c) $100,560 respectively.
Given information:
Cost of goods manufactured $168,800
Selling expenses 56,380
Administrative expenses 29,810
Sales 359,140
Finished goods inventory, July 1 40,580
Finished goods inventory, July 31 36,990
(a) Calculation of cost of goods sold is done using the formula:
Cost of goods sold = Cost of goods manufactured + Opening finished goods inventory - Ending finished goods inventory
Therefore, cost of goods sold will be as follows:
Cost of goods sold = $168,800 + $40,580 - $36,990 = $172,390
(b) Gross profit is calculated using the formula:
Gross profit = Sales - Cost of goods sold
Therefore, Gross profit will be as follows:
Gross profit = $359,140 - $172,390 = $186,750
(c) Net income is calculated using the formula:
Net income = Gross profit - Selling expenses - Administrative expenses
Therefore, Net income will be as follows:
Net income = $186,750 - $56,380 - $29,810 = $100,560
Hence, the Cost of goods sold, Gross profit, and Net income for a Manufacturing Company are $172,390, $186,750 and $100,560 respectively.
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