Table 14.1 Incomes in Pololand
-A decrease in the price of capital will cause the demand for unskilled labor to shift to the left if capital and unskilled labor are
A) gross complements.
B) gross substitutes.
C) gross complements or gross substitutes.
D) complements in production.
Correct Answer:
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Q4: Data on the ratio of wages of
Q5: The coefficient of variation of incomes of
Q6: Since 1980 the earnings of middle-aged college-educated
Q7: If supply shifts were the primary cause
Q8: If all incomes were to fall by
Q10: If the wages of less-educated workers were
Q11: Since 1980 the real wages of unskilled
Q12: The increase in wage inequality has been
Q13: Which of these wage trends has reduced
Q14: If a number of new workers enter
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