Two explanations for increasing wage inequality are ________ and ________.
A. increased labor supply; a slowdown in productivity growth
B. technological progress; a modernized capital stock
C. increased worker mobility; transition aid
D. globalization; skill-biased technological change
Answer: D
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Oil is an example of a renewable resource
a. True b. False
China imports ___________ from the U.S. compared to how many goods the U.S. imports from China.
A. less B. more C. about the same D. practically nothing
Proponents of a balanced budget amendment argue that the private advantages that each of us realizes from spending on our government programs are paid for almost entirely by other taxpayers
a. True b. False Indicate whether the statement is true or false
The study by economists Cox and Alm found
a. the gap between rich and poor shrinks greatly if using after-tax income compared with pre-tax income. b. the gap between rich and poor shrinks slightly if using after-tax income compared with pre-tax income. c. the gap between rich and poor widens slightly if using after-tax income compared with pre-tax income. d. the gap between rich and poor widens greatly if using after-tax income compared with pre-tax income.