From an economic perspective, the best response to increased wage inequality is to:
A. stop all international trade.
B. provide transition aid to disadvantaged workers.
C. make skill-biased technological change illegal.
D. block future technological change.
Answer: B
Economics
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In the Solow model, if f(k) = 2k0.5, s = 0.25, n = 0.05, and d = 0.2, what is the value of k at equilibrium?
A) 1 B) 2 C) 3 D) 4
Economics
Total surplus
A) is maximized under perfect competition. B) represents the gains from trade to market participants. C) treats consumer and producer surplus equally. D) All of the above.
Economics