A Study Published in 2011 by the OECD Noted That

question 52

Multiple Choice

A study published in 2011 by the OECD noted that

• A) the real household income of unskilled workers in the United States increased more in comparison to that of skilled workers.
• B) in almost all countries real income levels declined over the 20-year period studied.
• C) the falling unemployment rates brought gains to low-wage workers and fairly broad-based wage growth.
• D) the gap between the poorest and richest segments of society in some OECD countries had widened.

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Definitions:

Steinberg v. U.S.

A legal case reference, implying a specific instance of jurisprudence or legal interpretation by the court.

Bargained For

Refers to a situation in contract law where each party receives something of value in exchange for their agreement or performance.

Prize Drawing

A random selection process where winners are selected to receive prizes or rewards.

Legal Value

Legal Value refers to the concept in contract law that concerns the requirement of consideration to ensure that promises within a contract are enforceable.