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B) been abou… Show more Since 1960, the U.S. ratio of labo

Paper help Economics B) been abou… Show more Since 1960, the U.S. ratio of labo

Economics

B) been abou… Show more Since 1960, the U.S. ratio of labo

B) been abou… Show more Since 1960, the U.S. ratio of labor income to total income has: A) been about 2.5 to 1. B) been about 0.7. C) increased steadily. D) decreased steadily. In a Cobb–Douglas production function the marginal product of labor will increase if: A) the quantity of labor increases. B) the quantity of capital increases. C) capital’s share of output increases. D) average labor productivity decreases. Skill-biased technological change ______ the demand for high-skilled workers, while the slowdown in the pace of educational advancement reduces the supply of skilled workers, resulting in relatively _____ wages for skilled workers. A) increases; higher B) increases; lower C) decreases; higher D) decreases; lower Estimates by Goldin and Katz indicate that the financial returns of a year of college _____ between 1980 and 2005. A) increased. B) decreased. C) did not change. D) were negative. All of the following are causes of structural unemployment except: A) minimum-wage laws. B) the monopoly power of unions. C) unemployment insurance. D) efficiency wages. • Show less

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