Over the past several years, the earnings gap between high-skilled and low-skilled workers has (i) narrowed because the demand for unskilled labor has risen over time relative to the demand for skilled labor. (ii) widened because the demand for skilled labor has risen over time relative to the demand for unskilled labor. (iii) narrowed because the supply of unskilled labor has risen over time
relative to the supply of skilled labor. (iv) widened because the supply of skilled labor has risen over time relative to the supply of unskilled labor.
a. (i) only
b. (ii) only
c. (i) and (iii) only
d. (ii) and (iv) only
b
Economics
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The tools of "game theory" are most helpful to economists in markets characterized by: a. perfect competition
b. oligopoly. c. monopolistic competition. d. monopoly.
Economics
Which of the following is not part of U.S. GDP?
a. the value of a Toyota imported from Japan b. the value of a Ford Mustang produced in the United States and sold in Canada c. the salary of the governor of Minnesota d. the value of a Rhode Island attorney's services
Economics