In the United States,the Earnings Gap Between Workers with College

question 242

Multiple Choice

In the United States,the earnings gap between workers with college degrees and workers with high school degrees

• A) has never been documented by reliable evidence.
• B) is evident,but it has remained roughly constant over the past 20 years.
• C) is evident,but it has diminished over the last 20 years.
• D) is evident,and it has widened over the last 20 years.

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Definitions:

Normal Goods

Goods for which demand increases as consumers' income increases, holding all other factors constant.

Cross-Price Elasticity

A measure of how the quantity demanded of one good changes in response to a price change of another good.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specific period.

Good Changes

Positive alterations in circumstances or conditions, often implying improvements or advancements.