Globalization Critics Argue That the Decline in Unskilled Wage Rates

question 104

Multiple Choice

Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the:

• A) migration of low-wage manufacturing jobs offshore.
• B) technology induced shift toward jobs that require significant education and skills.
• C) increased supply of highly skilled workers.
• D) reducing demand for unskilled workers in developing nations.
• E) reducing national differences in the cost of labor between developed and developing nations.

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Definitions:

Measured

Evaluated or quantified in terms of extent, dimensions, quantity, or capacity.

Flow Variable

A variable that is measured over a specific period of time, such as income or expenditure, which may change from one period to the next.

Federal Government

The national government of a federal state, which holds the authority to govern on matters that affect the entire country, differentiated from state or local governments.

Sales Tax

A tax imposed on sales of goods and services, usually calculated as a percentage of the purchase price paid by the consumer.