Which of the Following Does Not Explain the Rise in Income

question 424

Multiple Choice

Which of the following does not explain the rise in income inequality in the United States from 1970 to 2011?

• A)Changes in technology.
• B)An increase in minimum wages.
• C)A reduction in the demand for unskilled labor.
• D)Increased international trade with low-wage countries.

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Definitions:

Legally Enforceable

A term or condition within a contract or agreement that is recognized by law and can be upheld in a court of law.

Union Contract

A legal agreement between a labor union and an employer outlining the terms of employment, working conditions, wages, and other rights and responsibilities.

Seniority-based Pay

A compensation strategy where employees' wages are determined by the length of their service or tenure in the company, rewarding loyalty and experience.

Righttosue Clause

A provision within a contract or law that grants an individual the authority to pursue legal action should their rights be violated.