Economists Who Attempt to Explain the Increasing Earnings Gap Between

question 284

Multiple Choice

Economists who attempt to explain the increasing earnings gap between skilled and unskilled workers in the United States offer two main hypotheses.Both hypotheses

• A) suggest that demand and supply conditions have played a less important role in determining workers' wages in recent years.
• B) suggest that, over time, the demand for skilled labor has risen relative to the demand for unskilled labor.
• C) emphasize the shrinking importance of international trade in recent years.
• D) emphasize the growing importance of women and teenagers in the workforce in recent years.

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Definitions:

Business Portfolio Analysis

A method used by businesses to categorize their various products or business units to determine which should receive more or less investment.

Competitors

Entities that offer similar products or services within the same market and vie for the same customer base.

Competitive Identity

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