Over the past thirty years in the U.S., increases in labor demand have been __________ than increases in labor supply so that wages on average have __________
a. smaller; increased
b. larger; increased
c. smaller; decreased
d. larger; decreased
e. larger; stayed constant
B
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The International Monetary Fund plays the key role of
A) providing deposit insurance for banks in its member nations. B) acting as lender of last resort for its member countries' central banks. C) providing loans to member countries to help finance development projects. D) enforcing international monetary agreements.
Which of the following is correct?
a. An increase in the tariff on foreign-produced automobiles will benefit U.S. consumers of domestic cars. b. An ongoing result of the North American Free Trade Agreement is that producers in both countries will benefit at the expense of consumers. c. The wages of U.S. workers would sharply decline if we traded freely with low-wage countries like India and China. d. Exports provide a nation with its primary source of purchasing power used to buy imported goods.