Economists Who Attempt to Explain the Increasing Earnings Gap Between

question 113

Multiple Choice

Economists who attempt to explain the increasing earnings gap between skilled and unskilled workers offer two main hypotheses:

• A)one hypothesis emphasizes education, and the other emphasizes compensating differentials.
• B)one hypothesis emphasizes education, and the other international trade.
• C)one hypothesis emphasizes international trade, and the other emphasizes technology.
• D)one hypothesis emphasizes technology, and the other emphasizes compensating differentials.

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Definitions:

Discount Period

The time frame during which a discount is offered or can be claimed.

Credit Period

The length of time that a buyer is given to pay for a purchase before interest is charged or penalties apply.

Invoice Date

The specific date on which an invoice is issued, indicating when the transaction was recorded and when payment is due.