The introduction of word processing software that increases the demand for workers with computer skills relative to those without such skills is an example of:
A) increasing reservation prices.
B) skill-biased technological change.
C) the diminishing marginal product of labor.
D) globalization.
Correct Answer:
Verified
Q57: The two most important factors contributing to
Q58: Real wages increased in industrialized countries in
Q59: Holding other factors constant, an increase in
Q60: Larger increases in the demand for labor
Q61: If the Luddites had succeeded in _
Q63: Initially, workers in the shoe industry and
Q64: A Luddite is:
A)someone who opposes the introduction
Q65: Technological change that affects the marginal products
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