Economists who attempt to explain the increasing earnings gap between skilled and unskilled workers in the United States offer two main hypotheses. Both hypotheses
a. suggest that, over time, the demand for unskilled labor has risen relative to the demand for skilled labor.
b. suggest that, over time, the demand for skilled labor has risen relative to the demand for unskilled labor.
c. emphasize the shrinking importance of international trade in recent years.
d. emphasize the growing importance of women and teenagers in the workforce in recent years.
b
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In the short run, a tax on economic profits can be shifted.
A. True B. False C. Uncertain
In the Keynesian model, a build-up of unwanted inventories leads to
A) rising interest rates. B) falling unemployment. C) falling output. D) falling money wages.
Despite the huge increase in American exports of manufactures and the importation of primarily luxury goods in 1880–1910, the American market for American products was still largely self-sufficient
Indicate whether the statement is true or false
Assume that data are available on other characteristics of the subjects that are relevant to determining the experimental outcome. Then including these determinants explicitly results in
A) the limited dependent variable model. B) the differences in means test. C) the multiple regression model. D) large scale equilibrium effects.