The Achievement of Greater Efficiency in the United States Has

question 1

True/False

The achievement of greater efficiency in the United States has been at the expense of growing inequality.

---

Definitions:

Labor Market

The supply and demand dynamics of labor forces, where employers seek to hire workers and workers seek employment.

Equilibrium

The state in a market where supply equals demand, leading to stable prices.

Immigration

The action of coming to live permanently in a foreign country. It can influence a country's economy, culture, and demographics.

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market, resulting in no unemployment.