Expanding Trade or Technological Improvements

question 15

Multiple Choice

Expanding trade or technological improvements

• A) Increases the demand for skilled workers in the U.S.
• B) Decreases the demand for unskilled workers in the U.S.
• C) Increases the demand for unskilled workers in the U.S.
• D) Both a and

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Definitions:

Equilibrium Interest Rate

The interest rate at which the demand for funds (borrowing) equates with the supply of funds (savings) in the financial market.

Demand for Loanable Funds

The desire for borrowing money, driven by the need for investment funds across the economy.

Quantity of Loanable Funds

This refers to the amount of money available for borrowing in the financial market at a particular rate of interest.

Demand-for-loanable-funds

The desire or need for borrowing money, driven by individuals, businesses, or governments, often influenced by interest rates.