From an Economic Perspective, the Best Response to Increased Wage

question 88

Multiple Choice

From an economic perspective, the best response to increased wage inequality is to:

• A)block future technological change.
• B)stop all international trade.
• C)provide transition aid to disadvantaged workers.
• D)make skill-biased technological change illegal.

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Definitions:

Yen

The official currency of Japan, known in finance as an essential part of the foreign exchange market.

Balance on Goods

The difference in value between a country's imports and exports of goods.

Depreciation

The reduction in the value of an asset over time due to wear and tear or obsolescence.

Dollar

The basic monetary unit used in the United States and other countries, symbolized by $.