As economies develop, more jobs will require more education and training. What effect will this have on the labor market of 18 to 24 year olds?
a. The demand for workers ages 18 to 24 years old will decrease as more young people go to school.
b. The supply of workers ages 18 to 24 years old will decrease as more young people go to school.
c. The demand for workers ages 18 to 24 years old will increase as more young people go to school.
d. The supply of workers ages 18 to 24 years old will increase as more young people go to school.
b. The supply of workers ages 18 to 24 years old will decrease as more young people go to school.
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Who was the leader of Chinese economic reforms?
What will be an ideal response?
For the average American, innovation has led to:
a. an average income that is below many countries because of monies spent on R&D b. an average income that is not paralleled anywhere in the world c. an average income that exceeds that of all but the richest countries d. None of the above is correct.