A skill-biased technological change is likely to:
A) increase the wage of skilled labor.
B) increase the wage of unskilled labor.
C) decrease the demand for skilled labor.
D) increase the marginal productivity of unskilled labor.
A
Economics
You might also like to view...
The firm that cheats in a cartel receives a higher profit because it suffers only a fraction of the loss caused by the lower product price
a. True b. False Indicate whether the statement is true or false
Economics
All of the following would affect the position and shape of a nation's production possibilities curve, except:
A. The amount of labor available B. The level of unemployment C. The amount of the capital resources D. The rate of technological progress
Economics