Some Economists Hypothesize That International Trade Has Altered the Relative

question 88

Multiple Choice

Some economists hypothesize that international trade has altered the relative demand for skilled and unskilled labor, changing the gap in earnings between these two groups. Which of the following statements best describes this hypothesis?

• A)Unskilled labor is plentiful and cheap in the US, so the US tends to export goods produced with unskilled labor and import goods produced with skilled labor.
• B)Unskilled labor is plentiful and cheap in many foreign countries, so the US tends to import goods produced with unskilled labor and export goods produced with skilled labor.
• C)Computers raise the demand for skilled workers and reduce the demand for the unskilled workers whose jobs are replaced by the computers.
• D)Greater demand for skilled labor has led to higher wages for those workers and greater demand for imported products.

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Definitions:

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Genetic Material

The molecules (DNA or RNA) that carry genetic information coding for the development and functioning of an organism.

Same Father

Indicates siblings or individuals who share the same biological father, regardless of their maternal lineage.

Different Mothers

A phrase that indicates siblings who share one parent in common, typically referring to those who have the same father but different mothers.