Which of the Following Scenarios Would Serve to Decrease the Demand

question 506

Multiple Choice

Which of the following scenarios would serve to decrease the demand for unskilled labor in the U.S.?

• A)increased productivity gains among unskilled laborers
• B)increased demand for goods produced by unskilled laborers
• C)increased international trade with countries where unskilled labor is more plentiful
• D)increased supply of migrant workers

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Definitions:

Rate Of Return

The fiscal benefit or detriment arising from an investment over a certain period, computed as a percentage of the initial cost of the investment.

Annual Percentage Rate

APR, a measure that reflects the cost of borrowing on an annual basis, incorporating not just the interest rate but also any fees and other charges involved.

Quoted Loan Rates

The interest rates that lenders provide to potential borrowers when quoting the costs of a loan.