The Unskilled Wage Rate in a Country May Decline If

question 47

Multiple Choice

The unskilled wage rate in a country may decline if

• A)the corporate taxes are lowered by the government.
• B)there's increased immigration of low-skilled workers.
• C)the aggregate demand for goods and services increases in the country.
• D)the demand for unskilled workers increases.

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Definitions:

Nominal Data

Data classified into categories that cannot be ordered or ranked; purely qualitative.

Interval Data

A type of data measurement where the intervals between values are meaningful, allowing for arithmetic operations to be performed.

Ordinal Data

Data that is categorized into ordered levels, groups, or rankings, but the intervals between the ranks are not necessarily equal.

Interval Data

A type of data that consists of numerical values where the order and the exact differences between the values are meaningful.