Large disparities in wages could possibly result from all but which one of the following?
A. increases in the amount of middle-class jobs
B. globalization
C. an increase in the demand for highly skilled labor
D. skill-biased technological change
E. parental investment in a child's human capital
Answer: A
You might also like to view...
On the island of Yap, 5 canoes have a value of one stone wheel known as a fei. What function of money do fei serve in this example?
A. store of value B. medium of exchange C. medium of deferred payment D. unit of account
An increase in the number of hours worked would
a. shift the production function upward. b. shift the production function downward. c. shift the production function outward. d. not shift the production function.
Between 1999 and 2009, the U.S. federal budget deficit moved from a record surplus to a record deficit. Other things being equal, the most likely effect of this shift would be:
A. lower interest rates and increased investment. B. lower interest rates and decreased investment. C. higher interest rates and increased investment. D. higher interest rates and decreased investment.
All of the following are true regarding the current status of labor unions EXCEPT
A) organized labor's heyday occurred from the 1940s through the 1970s. B) part of the explanation for the decline in union membership has to do with the shift away from manufacturing. C) the deregulation of certain industries has also contributed to a decline in unionism. D) recent labor laws have diminished worker's rights.