One hypothesis to explain the changing gap in wages between unskilled and skilled workers in the United States is that international trade has altered the relative demands for skilled and unskilled workers
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Assume a ceiling price is set above the equilibrium price. The eventual result is a shortage
a. True b. False Indicate whether the statement is true or false
Suppose that, a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, the price of that good will ________ when the economy goes from closed to open for trade.
A. decrease B. first decrease then increase C. increase D. stay the same
Tomato Farms is selling tomatoes in a purely competitive market. Its output is 5000 bushels, which sell for $15 a bushel. At this level of output, the marginal cost is $15 a bushel and average total cost is $14.50 a bushel. Should the firm increase
output, decrease output, or not produce? Why? What will be an ideal response?
The median voter rule says that the government will make choices that reflect the preferences of the voters whose preferences are held by at least 51% of the voters.
Answer the following statement true (T) or false (F)