Globalization has ________ the price of many goods, which has caused the value marginal product of unskilled labor to ________ and the demand for unskilled labor to ________.

Question

Quizplus · Accepted Answer

Globalization has generally led to a decrease in the price of many goods due to increased competition and efficiency. This decrease in prices can reduce the value marginal product of unskilled labor, leading to a decrease in the demand for unskilled labor.

Globalization Has ________ the Price of Many Goods, Which Has