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Discuss the Relative-Wage Explanation of Unemployment

question 53

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Discuss the relative-wage explanation of unemployment.


Definitions:

IQ Tests

IQ Tests are standardized assessments designed to measure human intelligence and cognitive abilities in relation to others.

Flynn Effect

The observed substantial and long-term increase in intelligence test scores measured across the world over the 20th century.

Raw IQ Scores

A measurement of an individual's cognitive abilities without adjustments for age or any other factors.

Flynn Effect

The observed substantial and long-term increase in both fluid and crystallized intelligence test scores measured in various parts of the world over the 20th century.

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