What Have Economists Who Study the Value of Skills in the Labour

question 74

Multiple Choice

What have economists who study the value of skills in the labour markets documented

• A)a decrease in the earnings gap between low-skill and high-skill workers over the past 27 years in the United States but not in Canada
• B)an increase in the earnings gap between low-skill and high-skill workers over the past 27 years in Canada, but not in the United States
• C)a decrease in the earnings gap between low-skill and high-skill workers over the past 27 years in both Canada and the United States
• D)an increase in the earnings gap between low-skill and high-skill workers over the past 27 years in the United States, but not in Canada

---

Definitions:

Journal Entry

A journal entry is a record of a financial transaction in the accounting books, indicating the accounts and amounts to be debited and credited.

Outstanding Checks

Checks that have been written and recorded in the account ledger but not yet cleared or cashed by the bank.

EFT Deposit

An electronic funds transfer deposit, which represents the digital transfer of money into a bank account.

Petty Cash Fund

is a small amount of cash kept on hand by a business for making immediate and minor payments, reducing the need for check transactions.