Some Economists Hypothesize That International Trade Has Altered the Relative

question 219

Multiple Choice

Some economists hypothesize that international trade has altered the relative demand for skilled and unskilled labors, changing the gap in earnings between these two groups. Which of the following statements best describes this hypothesis?

• A)Unskilled labor is plentiful and cheap in the United States, so the United States tends to export goods produced with unskilled labor and import goods produced with skilled labor.
• B)Unskilled labor is plentiful and cheap in many foreign countries, so the United States tends to import goods produced with unskilled labor and export goods produced with skilled labor.
• C)Computers raise the demand for skilled workers and reduce the demand for the unskilled workers whose jobs are replaced by the computers.
• D)Greater demand for skilled labor has led to higher wages for those workers and greater demand for imported products.

Recognize the historical significance of inventions like the telegraph to the evolution of media.

Identify career opportunities in the communications field, focusing on PR agency specialties.

Comprehend the impact of social media's character limitations on network communication.

Acknowledge the demands of media relations in a 24/7 social media environment.

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Definitions:

Quantitative Research

A systematic investigation technique that focuses on quantifying the collection and analysis of data, often using statistical tools.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Statistical Tests

Quantitative methods used to determine whether hypotheses about data are supported or refuted.

Primary Research

Collection of original data or firsthand information through methods like surveys, interviews, or experiments.