Technological advances that increase the skill requirements for many jobs will tend to
a. make it more challenging for individuals to migrate from low-paying jobs to high-paying jobs
b. make it easier for individuals to migrate low-paying jobs to high-paying jobs
c. have no impact on the ease of migrating from low-paying jobs to high-paying jobs
d. contribute to a more equal distribution of income
e. have no impact on the distribution of income
A
You might also like to view...
When Keynesians argue that "correlation does not necessarily imply causation," they are probably criticizing
A) structural-model evidence. B) reduced-form evidence. C) indirect-model evidence. D) black-box evidence.
If Eric expects to earn more income next month, he may choose to a. save more now and spend less of his current income on goods and services. b. save less now and spend more of his current income on goods and services. c. decrease his current demand for goods and services
d. decrease his current demand for goods and services.
Which of the following would cause the U.S. dollar to depreciate against the Japanese yen?
A. greater popularity of U.S. exports in Japan B. a higher price level in Japan C. higher real interest rates in the United States D. higher incomes in the United States
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.