Economists Have Proposed Which of the Following Hypotheses to Explain

question 162

Multiple Choice

Economists have proposed which of the following hypotheses to explain the rising wage gap between skilled and unskilled workers? (i) increases in the role of unions in setting skilled wage scales
(ii) increasing international trade
(iii) technological change

• A)(i) and (iii) only
• B)(ii) and (iii) only
• C)(i) and (ii) only
• D)(iii) only

Examine the impact of tariffs, blockades, and open markets on international trade dynamics.

Identify the factors leading to imports or exports in specific markets, based on world and domestic prices.

Assess the overall economic welfare impacts of moving from autarky to free international trade.

Understand the dynamics of supply and demand in the context of international trade.

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Definitions:

Heterosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of the opposite gender.

Bisexuality

A sexual orientation characterized by the capacity to feel sexual or romantic attraction towards both men and women.

Two-Spirits

A term used by some Indigenous North American cultures to describe a person who embodies both masculine and feminine spirits.

Shamans

are individuals believed to have access to, and influence in, the world of benevolent and malevolent spirits, often within indigenous and tribal societies.