In a Two-Factor Model,the Emergence of Conflict Between Workers and Capitalists

question 32

Multiple Choice

In a two-factor model,the emergence of conflict between workers and capitalists is based on the assumption that in America

• A) labor is homogeneous.
• B) trade reduces the income of high skill workers.
• C) high skill workers are more abundant.
• D) trade increases the income of low skill workers
• E) low skill workers are more abundant.

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Definitions:

German Jews

Refers to the Jewish community in Germany, which has a long history but faced persecution, culminating in the Holocaust during World War II.

Bankers and Jewelers

Bankers and Jewelers typically refers to professionals in the finance and luxury goods sectors, highlighting their roles in managing and trading wealth and valuable items.

Frankfurt Parliament

The Frankfurt Parliament was an assembly convened in 1848 in Frankfurt, aiming to unify the German states and create a constitution for a unified Germany.

Upper-middle-class

A social class in society that is above the middle class, often including professionals, managers, and business owners who enjoy high economic status and cultural influence.