Multiple Choice
A criticism of the argument that trade has been an important cause of increased U.S. Wage inequality in recent decades is that, if trade were an important cause, the nontraded Goods industries would have responded to the __________ in the price of skilled labor Relative to unskilled labor by using skilled labor relative to unskilled labor.
A) rise; more
B) rise; less
C) fall; more
D) fall; less
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Which one of the following has NOT
Q12: If economists wish to determine relative factor
Q13: In the production process of a final
Q14: In the United States, in approximately the
Q15: If increased Heckscher-Ohlin-type trade were the major
Q17: If the U.S. trade pattern is as
Q18: In roughly the last three decades, the
Q19: If factor-intensity reversals were indeed prevalent in
Q20: (a) Explain how the Heckscher-Ohlin theorem is
Q21: If the capital/labor ratio in import-competing industries