In the 1990s and Early 2000s, the Gap Between the Wages

question 94

True/False

In the 1990s and early 2000s, the gap between the wages of skilled workers and unskilled workers in the United States decreased.

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Definitions:

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal conditions.

Predetermined Overhead Rate

A predetermined rate for distributing overhead expenses to products or services, based on anticipated costs and levels of activity.

Machine-Hours

A measure of production output or activity level based on the number of hours machines are operated.

Unused Capacity

The portion of a company’s resources or capabilities that are not currently utilized or producing income.