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Evidence Suggests That Technological Change Has Had a Bigger Impact

question 50

True/False

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by unskilled labor.


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Maturity Value

The amount payable to the investor at the end of a security's maturity period; this includes the principal plus interest.

Treasury Bill

Short-term government securities issued at a discount from the face value and mature in a year or less, representing a secure investment.

Simple Interest

Interest calculated only on the principal amount, or the initial sum of money invested or loaned.

Market Rate

The prevailing interest rate available in the marketplace for investments, loans, and deposits.

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