How Are Skilled and Unskilled Workers in an Economy Likely

question 107

Essay

How are skilled and unskilled workers in an economy likely to be affected if firms adopt skill-biased technologies?

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Definitions:

Securities

Financial instruments representing ownership (stocks), creditor relationships (bonds), or rights to ownership (options).

Primary Market Transaction

Occurs when new securities are sold for the first time to investors, directly impacting the issuing company's capital.

Issuing Corporation

The entity that offers securities for sale to investors, typically through the process of a public offering.

Secondary Market

A venue where investors buy and sell securities they already own, such as the stock market, separate from the primary market where securities are first issued.