A Criticism of the Argument That Trade Has Been an Important

question 16

Multiple Choice

A criticism of the argument that trade has been an important cause of increased U.S. Wage inequality in recent decades is that, if trade were an important cause, the nontraded Goods industries would have responded to the __________ in the price of skilled labor Relative to unskilled labor by using skilled labor relative to unskilled labor.

• A) rise; more
• B) rise; less
• C) fall; more
• D) fall; less

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action, often serving as a cultural cornerstone for organizations or individuals.

Ethical Dilemma

A situation where an individual faces a choice between two or more morally right or beneficial options, or the lesser of two evils, often involving a conflict of ethical principles.

Social Scientists

Professionals who study human society and social relationships through various methods of empirical investigation and critical analysis.

Empathy

The ability to understand and share the feelings of another, fostering a sense of connection and understanding.