Which of the following could explain the changing gap in income between unskilled and skilled workers in the United States?
a. International trade has decreased the domestic demand for skilled labor and increased the domestic demand for unskilled labor.
b. Certain technological changes such as the introduction of computers have increased the domestic demand for skilled labor and decreased the domestic demand for unskilled labor.
c. Both a and b are correct.
d. Neither a nor b is correct.
b
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To answer the next question use the information in the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5. Change in IncomeChange in ConsumptionChange in SavingsAssumed increase in investment$5.00 $1.25Second round $2.81 All other rounds 8.44 Totals 5.00The total change in income resulting from the initial change in investment will be
A. $15. B. $5. C. $10. D. $20.
How can increases in a country's total income improve health?
What will be an ideal response?
Which of the following statements best describes the outcome of a change in demand?
a. A change in the demand of a good never causes the demand curve for that good to shift. b. A change in the demand of a good never causes the demand or supply curve for that good to shift. c. A change in the demand of a good never causes the supply curve for that good to shift. d. A change in the demand of a good causes the demand and supply curves for that good to shift.
Keynes believed that a market-driven economy was inherently unstable.
Answer the following statement true (T) or false (F)