A Reason for the Increase in Demand for Workers with High

question 94

Multiple Choice

A reason for the increase in demand for workers with high levels of labor skills is

• A) greater taxes paid on income earned.
• B) increased technological advances.
• C) reduced international trade from protectionism.
• D) Both B and C are correct.

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Definitions:

Predictor Variable

A variable that is used in statistical models to predict or explain changes in a dependent variable.

Adjusted

A term referring to modifications or changes applied to data or statistical measures to account for various factors, enhancing accuracy or comparability.

Adjusted Value

A modification of financial or numerical data to account for changes or for better comparison, often used in accounting and finance.

Explained Variation

The portion of the total variation in a dataset that is accounted for by the model's predictor variables.