In recent years, the amount of international trade in which the United States engages has increased. Which of the following accurately describes the effect(s) on labor demanded by firms in the United States?
a. The demand for both skilled and unskilled labor has increased.
b. The demand for both skilled and unskilled labor has decreased.
c. The demand for skilled labor relative to unskilled labor has risen.
d. The demand for unskilled labor relative to skilled labor has risen.
c
You might also like to view...
Which of the following antebellum transportation innovations earned the greatest rate of return?
a. corporate-owned turnpikes b. the National Road c. the Erie Canal d. the Mainline Canal
The growth rate of potential GDP depends on
a. the rate of technical progress. b. the growth rate of the capital stock. c. the growth rate of the labor force. d. all of the above.
The minimum wage
a. is an example of a price ceiling. b. has its greatest impact on middle-aged and immigrant workers. c. does not apply to unpaid internships. d. does not affect the quantity of labor demanded; it only affects the quantity of labor supplied.
Which of the following would shift the aggregate demand curve to the left?
A. An increase in exports. B. An increase in investment. C. An increase in government spending. D. A decrease in government spending.