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I: Skill-Biased Technical Change Has Lowered the Demand for Unskilled

question 21

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I: Skill-biased technical change has lowered the demand for unskilled labour in both Europe and North America.
II: Unemployment has risen more in Europe as a result,because this shift in demand has been bigger there.


Definitions:

Steiner's Taxonomy

A classification system developed by Ivan Steiner that categorizes group tasks into categories based on their nature and the processes required to achieve them.

Free Rider

A term used to describe someone who benefits from resources, goods, or services without paying for them or contributing to their cost.

Self-Employed

Individuals who work for themselves, either by running their own business or offering their services as freelancers, rather than being employed by someone else.

Social Loafing

The occurrence where people put in less effort towards achieving a goal while working in a team compared to working independently.

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