Multiple Choice
Globalization and skill-biased technological change have contributed to:
A) the long-term growth in real wages.
B) the slowdown in productivity since 1973.
C) increasing wage inequality.
D) high rates of employment in Western Europe.
Correct Answer:
Verified
Correct Answer:
Verified
Q38: The costs of unemployment are lowest (and
Q39: Globalization _ the wages of workers in
Q40: Frictional unemployment occurs because:<br>A)labor markets are heterogeneous
Q41: Firms will hire additional workers as long
Q42: Holding other factors constant, technological progress _
Q44: Macroland produces dishes and glassware. Before trade,
Q45: The real wage is the:<br>A)price of labor.<br>B)demand
Q46: Structural unemployment will decrease when:<br>A)the minimum wage
Q47: The following table provides information about production
Q48: Assume the minimum wage exceeds the market-clearing