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In Recent Years,the Increasing Relative Wage of Skilled Labor Has

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In recent years,the increasing relative wage of skilled labor has been mostly due to


Definitions:

Domestic Price

The price of goods or services within a country's borders, as opposed to international or global market prices.

Free Trade

A policy allowing goods and services to be bought and sold across borders with little or no government tariffs, quotas, or prohibitions.

Domestic Price

The price of goods or services within a country's domestic market, contrasting with international or foreign market prices.

Trade Price

The price at which goods are sold between companies, not usually available to individual consumers.

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