Skill-Biased Technical Change Is

question 106

Multiple Choice

Skill-biased technical change is:

• A) economic growth that derives from, and therefore benefits disproportionally, the highly-skilled, highly educated workers in a society.
• B) the change in technology that has caused many jobs to shift away from the service sector to the technology sector.
• C) the changing makeup of workforces in countries with large amounts of technology.
• D) None of these is true.

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Definitions:

DfWG

Degrees of Freedom Within Groups, a statistical concept used in variance analysis to describe the number of independent pieces of information that went into the estimate of variability.

Critical Value

The threshold value that a test statistic must exceed to reject the null hypothesis in a statistical test.

Df

Abbreviation for degrees of freedom, indicating the number of values in a final calculation of a statistic that are free to vary.

Critical Value

A threshold value in hypothesis testing, beyond which the null hypothesis is rejected, determined by the chosen significance level.