Increasing wage inequality results when international trade leads to ________ wages for workers in exporting industries and ________ wages for workers in importing industries.
A. lower; no change in
B. lower; higher
C. higher; higher
D. higher; lower
Answer: D
You might also like to view...
Which of the following is not an advantage of starting a new business as a proprietorship?
A) A proprietorship has few government rules and regulations to comply with. B) The owner has complete control over the business. C) Business profits are only taxed once, not twice. D) A proprietorship can easily attain additional funding.
Which of the following is not correct?
a. The economy contains many labor markets for different types of workers. b. The impact of the minimum wage depends on the skill and experience of the worker. c. The minimum wage is binding for workers with high skills and much experience. d. The minimum wage is not binding when the equilibrium wage is above the minimum wage.