The Skilled-Bias Technological Change Means That

question 55

Multiple Choice

The skilled-bias technological change means that

• A)the recent technological change has raised the productivity of highly trained or educated workers more than that of the less skilled.
• B)the recent technological change has raised the real wage of highly trained or educated workers more than that of the less skilled.
• C)the recent technological change has raised the real wage of women more than that of men.
• D)all of the above.

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Definitions:

Net Operating Income

The income earned by a company from its main business activities before subtracting interest and tax expenses.

Revenue and Spending Variance

The difference between the actual and budgeted figures for both revenue and expenses, indicating a company's financial performance.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for better performance evaluation.

Food and Supplies

The consumable items and materials necessary for the operation of businesses involved in food service, hospitality, or healthcare, among others.