The Increase in Wage Inequality Resulting from Globalization Can Be

question 24

Multiple Choice

The increase in wage inequality resulting from globalization can be reversed through:

• A)revoking the principle of comparative advantage.
• B)increases in worker mobility.
• C)decreases in worker mobility.
• D)making markets more competitive.

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Definitions:

Smaller Range

Smaller range refers to a narrower interval between the smallest and largest values in a data set, indicating less variability among the data points.

Test Statistic

A metric derived from sample information in a hypothesis test, utilized to determine the rejection of the null hypothesis.

Null Hypothesis

A statistical hypothesis that assumes no difference or effect in a particular situation, often set to be tested against an alternative hypothesis.

Level of Significance

Typically denotes the threshold under which the null hypothesis is rejected, often identical to the significance level.