Globalization and Skill-Biased Technological Change Have Contributed To

question 43

Multiple Choice

Globalization and skill-biased technological change have contributed to:

• A)the long-term growth in real wages.
• B)the slowdown in productivity since 1973.
• C)increasing wage inequality.
• D)high rates of employment in Western Europe.

---

Definitions:

Financial Emergency

A situation where an individual or organization experiences a sudden and severe lack of funds, necessitating immediate action.

Annual Rate Of Growth

The percentage increase in the size or value of something over a one-year period.

Rate Of Growth

The speed at which a variable, such as an economy, company's sales, or an investment, increases over a certain period of time.

Compounded Monthly

The method of computing interest that includes both the original amount and the interest earned in past months, applied each month.