Globalization and skill-biased technological change have contributed to:
A. increasing wage inequality.
B. the long-term growth in real wages.
C. high rates of employment in Western Europe.
D. the slowdown in productivity since 1973.
Answer: A
Economics
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In the above figure, flow B represents households' ________
A) income B) consumption expenditures C) saving D) investment
Economics
Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happen to the unemployment rate? a. It would increase
b. It would fall. c. It would change, but the effect cannot be predicted. d. It would not change.
Economics