Many economists believe that skill-biased technical change has increased the incomes of both highly skilled workers and low-skill workers
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The difference between current market price and full costs of production for the firm is known as
A. producer surplus. B. nonprice surplus. C. consumer surplus. D. market surplus.
Money is functioning as a store of value when you
A. Save your cash to pay for tuition next semester. B. Pay your tuition in installments rather than all at one time. C. Take out a student loan to buy books. D. Use it to compare the cost of tuition 10 years ago to the cost today.
The collection of laws, regulatory measures, and actions concerning a particular topic that originate with some body of government is called
A) fiscal policy. B) public policy. C) private policy. D) antitrust policy.
Why is a dollar today more valuable than a dollar a year from now?
A) The unknown future is riskier than the known present. B) The dollar today can be immediately used to buy something. C) A dollar a year from now will likely have less purchasing power because of inflation. D) all of the above