Table 19-1 Source: US Census Bureau and Mankiw's Calculations

question 201

Multiple Choice

Table 19-1 Source: US Census Bureau and Mankiw's calculations
-Refer to Table 19-1. Economists suspect that the increase in the earnings gap between skilled and unskilled workers is likely due to

• A)an increase in the demand for skilled labor relative to the demand for unskilled labor.
• B)an increase in international trade.
• C)improvements in technology.
• D)All of the above are correct.

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Definitions:

Ex Situ Conservation

The preservation of components of biological diversity outside their natural habitats through measures like seed banks, zoos, and botanical gardens.

Commercial Logging

The harvesting of timber for sale or large-scale removal of trees from forests for the purpose of producing goods such as paper, lumber, and other wood products.

Developing Countries

Nations with a lower level of industrialization, lower living standards, and generally a lower Human Development Index (HDI) compared to developed countries.

Subsistence Farmers

Farmers who primarily grow food and rear animals for their own family's consumption, with little to no surplus for trade.