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In the Absence of the Physical and Social Cues Involved

question 14

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In the absence of the physical and social cues involved in traditional face-to-face interactions, the Internet fosters the creation of relationships that:


Definitions:

Long Run

A period in which all inputs, including capital assets, can be adjusted by firms in response to market conditions.

Unit of Account

A standard monetary unit of measurement of the market value/cost of goods, services, or assets.

Real Value

The value of an object or service adjusted for inflation, reflecting its true purchasing power.

Nominal Interest Rate

The interest rate stated on a loan or investment agreement, without adjustment for inflation.

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