Since the late 1970s which of the following groups has become worse off?
a. Highly-skilled workers
b. Technical workers
c. Less-skilled workers
d. Scientists and other workers who require a lot of education
e. All types of workers
C
You might also like to view...
The figure above shows a perfectly competitive firm. The firm is operating; that is, the firm has not shut down. The firm is
A) making an economic profit of $200. B) incurring a economic loss of $200. C) incurring an economic loss of $600. D) making zero economic profit.
If a product has an elastic demand, it means that:
a. consumers are relatively sensitive to a change in the price of the product. b. consumers are relatively insensitive to a change in the quantity demanded of the product. c. consumers are relatively insensitive to a change in the price of the product. d. producers are relatively insensitive to a change in the price of the product. e. producers are relatively sensitive to a change in the quantity demanded of the product.
The price setting relation is
A) horizontal. B) upward sloping. C) downward sloping. D) vertical.
Remittances refer to
A. the flight of capital from developing nations to developed nations. B. the movement from the agricultural sector to the industrial sector. C. compensation sent back to family in the home country by recent emigrants. D. the formation of capital due to technological advances.