If, as Some Economists Believe, Changes in Technology Over Recent

question 103

Multiple Choice

If, as some economists believe, changes in technology over recent decades have brought about changes in labor markets, then those changes likely have resulted in

• A)reduced emphasis on compensating differentials as an explanation for wage differences.
• B)a reduced emphasis on human-capital differences among workers as an explanation for wage differences.
• C)a narrowing of the earnings gap between high-skilled workers and low-skilled workers.
• D)a widening of the earnings gap between high-skilled workers and low-skilled workers.

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Definitions:

Critical Survival Skills

Essential abilities or competencies required for individuals or organizations to effectively navigate challenges and sustain themselves in changing environments.

Renewal

The process of rejuvenating or updating something, which can involve strategies for growth, innovation, or recovering from decline.

Technology

The application of scientific knowledge for practical purposes, especially in industry, including machinery, equipment, methods, and software.