The Technology Hypothesis Has Been Advanced as an Explanation for the Widening

question 134

Multiple Choice

The technology hypothesis has been advanced as an explanation for the widening earnings gap between skilled and unskilled workers in the U.S.What does this hypothesis emphasize as the likely effect of technological advances

• A)They have increased the supply of skilled workers and increased the supply of unskilled workers.
• B)They have increased the supply of skilled workers and decreased the supply of unskilled workers.
• C)They have increased the demand for skilled workers and decreased the demand for unskilled workers.
• D)They have decreased the demand for skilled workers and decreased the demand for unskilled workers.

---

Definitions:

Mutual

Pertaining to feelings, obligations, or relationships experienced or carried out by two parties towards each other.

Contract Rescission

The legal cancellation or termination of a contract, returning all parties to their positions prior to the agreement.

Equitable Remedy

A remedy granted by courts in situations where money damages are inadequate, involving actions like injunctions or specific performance.

Mistake

An erroneous belief about the facts of a contract at the time the contract is concluded. When a mistake occurs, legal assent is absent.