The Wage Gap Between Skilled and Unskilled Worker Has

question 395

Multiple Choice

The wage gap between skilled and unskilled worker has

• A)risen; some economists argue that this is partly due to increased international trade.
• B)risen; some economists argue that this is partly due to decreased international trade.
• C)fallen; some economists argue that this is partly due to increased international trade.
• D)fallen; some economists argue that this is partly due to decreased international trade.

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Definitions:

Global Market

The international marketplace where goods, services, currencies, and information are exchanged across national boundaries.

Tariffs

Taxes on foreign products that discourage imports.

Dumping Activities

Practices where a country or company exports a product at a price lower than the price it normally charges in its own home market, often considered unfair competition.

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a specific period, indicating a positive balance of trade.