The changing gap in wages between unskilled and skilled workers is most likely related to a larger increase in demand for unskilled occupations relative to skilled occupations

Explain the concept of "crowding in."

What will be an ideal response?

Rent is defined as

A. the cost of using land. B. the difference between revenues received for a product less the costs of inputs other than entrepreneurship. C. the payments to an input less the amount needed to induce the factor to be supplied. D. the cost of using factor inputs.