From an economic perspective, the best response to increased wage inequality is to:
A. stop all international trade.
B. provide transition aid to disadvantaged workers.
C. make skill-biased technological change illegal.
D. block future technological change.
Answer: B
You might also like to view...
The graph illustrates the supply of soda. If the price of soda rises from $0.50 a can to $1.50 a can, the quantity of soda supplied
A) increases from 0 cans to 4,000 cans a day. B) decreases from 4,000 cans to 0 cans a day. C) remains unchanged because the supply increases not the quantity supplied. D) increases from 0 to 6,000 cans a day. E) remains unchanged because the supply decreases not the quantity supplied.
Most currency trades in London do not involve the British pound
Indicate whether the statement is true or false
When grocery stores issue special discount membership cards for shoppers effectively offering different prices based on quantities consumed, this is an example of
A) price discrimination. B) price differentiation. C) product differentiation. D) patent protection.
Say's law says that
A. consumption is greater than supply. B. people produce the goods they consume. C. desired expenditures always equal actual expenditures. D. people consume the goods they produce.