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:

Performance Risk

Involves the perceived danger inherent in a poorly performing product or service.

Internal Locus of Control

The belief that one's own actions and behaviors are major determinants of life events and outcomes, rather than external forces or chance.

External Locus of Control

The belief that one's successes or failures result from external forces beyond personal control.

Performance Risk

The risk that a product or service will not perform to satisfactory standards, potentially leading to customer dissatisfaction or financial loss.