In recent years, the amount of international trade in which the United States engages has increased. Which of the following accurately describes the effect(s) on labor demanded by firms in the United States?
a. The demand for both skilled and unskilled labor has increased.
b. The demand for both skilled and unskilled labor has decreased.
c. The demand for skilled labor relative to unskilled labor has risen.
d. The demand for unskilled labor relative to skilled labor has risen.
c
Economics
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Taxes reduce total spending
a. directly by increasing government purchases by an equal amount. b. directly by substituting investment spending. c. indirectly by reducing government spending. d. indirectly by reducing disposable income.
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