Most Economists Maintain That the Major Factor Underlying Wage Stagnation

question 13

Multiple Choice

Most economists maintain that the major factor underlying wage stagnation in the United States in the 1990s has been:

• A) Import competition
• B) Technological change
• C) Rising real value of the minimum wage
• D) Increasing union membership

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Definitions:

Good-faith Effort

An honest intention to fulfill one's obligations or duties in a contractual context.

Puffing

Exaggerated or superlative comments or claims about a product that are subjective and not legally binding.

Generality

A statement, principle, or idea that applies broadly rather than specific details or instances.

Exaggerations

Statements that stretch the truth or facts beyond their actual reality.