Why has the earnings gap between better and less educated workers widened?
Ans: There has been an increased demand for skilled workers due to technological advancement, international competition and changes in the mix of output. At the same time, the less skilled workers has increased by a steady flow of immigrants and the demand for low skilled workers has decreased due to outsourcing low waged goods.
You might also like to view...
The yield of a stock is the
A. dividend divided by the closing price per share. B. dividend divided by the average daily price of the stock. C. closing price divided by the 52-week low price. D. dividend divided by the opening price per share.
In arriving at the quantity of output and price of its product, a company
a. chooses either output or price, and consumer demand determines the other. b. has no control over either quantity or price. c. makes two decisions by setting both optimal output and optimal price. d. generally leaves both quantity and price decisions to consumers.
The U.S. national debt at the end of 2014 was about $30 trillion
a. True b. False Indicate whether the statement is true or false
If the demand curve for a firm's output is P=100-2Q, the marginal revenue curve will be
A. MR=50-Q. B. MR-100-2Q. C. MR*=P*. D. MR=100-4Q.