Which one of the following is proposed as a direct cause of within-country wage inequality in the United States for the last few decades? A) minimum wage changes B) globalization C) political instability D) current account deficit

Which one of the following is proposed as a direct cause of within-country wage inequality in the United States for the last few decades? A) minimum wage changes B) globalization C) political instability D) current account deficit

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter18: Income Distribution And Poverty

Section: Chapter Questions

Problem 6QFR

See similar textbooks

Related questions

Q: Starting at equilibrium situation, if Philippines inflation suddenly becomes ____ than South Korea’s…

A: The rise in the overall price level of a set of chosen products and services in a market across time…

Q: Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following…

A: A trade deficit is an amount by which the cost of a country's imports exceeds its exports.

Q: What have been the major causes of the large U.S. trade deficits in recent years? What are the major…

A: "Since you have asked multiple questions. We will answer only first question for you. If you have…

Q: Capital account surplus indicates that the country is net creditor in the world. True or False?…

A: Balance of payment records all the transaction between domestic country and the rest of the world.…

Q: Which policy measure is most likely to be effective in reducing a balance of trade deficit? Pick…

A: This situation is also referred as negative trade balance.

Q: Under fixed exchange rate system and small open economy, expansionary fiscal policy is effective…

A: Under fixed exchange rate system and small open economy, expansionary fiscal policy is effective…

Q: If the Philippines experiences high inflation relative to Japan, the Philippines’ exports to Japan…

A: Inflation refers to the increase in the general price level. Inflation is worrisome for the economy…

Q: country has the following items in its balance of payments: £ millions Exports of goods 120…

A: Balance of payment is defined as a statement of all the transactions which are made between one…

Q: Q6 "With unemployment at its highest level in years, Canada needs to protect domestic jobs by…

A: When the government implements the " Buy Canadian Policy" then it implies Canadian citizens should…

Q: Explain the direct and indirect relationships between the balance of payments and the rate of…

A: Inflation is the general increase in the price level over a period of time in an economy. Balance of…

Q: In which of the following circumstances should a small open economy run a trade deficit? Select all…

A: An economy that's hospitable trade and to flows of capital across its borders which is little…

Q: In a small open economy model determine the effects of a persistent decrease in total factor…

A: A proceeding with a decrease in total factor productivity will achieve a fall in the monetary result…

Q: categorize each of the following as strength,weakness,opportunity,or threat. Provide a brieft…

A: 1. Appreciation of the peso exchange rate Weakness If the peso exchange rate would be appreciated it…

Q: Suppose that global investors fear a less friendly environment in Argentina in the face of elevated…

A: The economic outlook of the country is one of the determinant factors attracting global investors to…

Q: Proponents of import substitution industrialization (ISI) in Latin America had to assume that…

A: Latin America was very unstable throughout the 19th century. Countries centered their resources on a…

Q: Which is one of the most notable trends of foreign direct investment over the last 20 years: -The…

A: The quantity of foreign direct investment (FDI) in the United States has more than doubled in the…

Q: Write a short note on the macroeconomic performance of Pakistan’s economy over the last fiscal year…

Q: Compare and contrast the three methods of measuring the national income statistics. With examples…

A: 1. The three methods used in the estimation of national income are: Product method Income Method…

Q: the US trade deficit is made possible, in part, because of foreigners' demand for US financial…

A: The trade deficit reflects the fact that foreigners want to invest in America, so they sell us goods…

Q: Which of the following is correct? Exchange-rate-based measures of income per capita are identical…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 18. Consider a country in the two-period analysis of trade imbalances with zero trade imbalances and…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What is the effect of expansionary fiscal and monetary policy on income (output and employment)…

A: Fiscal Policy is defined as a policy which states the use of government spending and tax policies of…

Q: Let K denote the quantity of capital a country has at the beginning of period t. Also, suppose that…

A: Capital refers to anything that provides value or advantage to its owner, such as a factory and its…

Q: In the mid to late 1970s, the Japanese Yen appreciated relative to the USD even though Japanese…

A: Inflation Inflation is a situation of rise in the level of prices and this happens when the demand…

Q: The BRICS initially had high economic growth rates and increasing values of exports and imports. In…

A: A deficit will take place when there the costs are more than the income, or, imports are higher than…

Q: PPP and IRP are different because one always deviates from parity and other does not ever deviate…

A: Parity refers to the same exchange rate, price, purchasing power, and earnings for all people. It…

Q: Canada is an open economy that interacts with the rest of the world through its involvement in world…

A: Answer: Given that: Suppose you are the purchasing manager for a large chain of restaurants in…

Q: Question 22 If capital mobility is imperfect and import demand is completely insensitive to changes…

A: BP curve shows the combination of interest rate and aggregate output at which the balance of payment…

Q: Capital account surplus indicates that the country is net creditor in the world.True or False?…

A: A capital account surplus indicates that the money is flowing into the country.

Q: Which government policy measure would be most likely to reduce a current account deficit and…

A: A current account deficit occurs when a country's export is lower than a country's import.

Q: The macroeconomic view of a trade deficit implies that, other things equal, the imposition of a…

A: Trade deficit is a situation in which value of a country's imports exceeds the value of exports.

Q: Goods imports 635 Goods exports 419 Services imports 144 Services exports…

A: Current account balance includes the export and import of goods and services and unilateral transfer…

Q: Which of the following would NOT be an advantage of MNC investment for a host nation? a. Direct and…

A: Evaluating the given options. Employment, either direct or indirect that is generated is an…

Q: Looking at the actual Comparative GDP of the Philippines in Figure 1 (Above figure), how would you…

A: Period Growth rates(%) Q1 2018-19 5.7 Q2 2018-19 5.4 Q3 2018-19 6.3 Q4 2018-19 6.7 Q1…

Q: examining some of the more specific socioeconomic challenges facing the United States today. These…

A: Consumers and many industries in both nations have been harmed by trade disputes between the United…

Q: According to economic theory, fast-growing countries should be running trade deficits countries…

A: A good trade balance is critical to a country's economy's long-term viability. And a country's…

Q: In periods of rapid U.S. growth, the rapid growth usually adds to large U.S. trade deficits by: O…

A: Trade deficit is a situation of BOP(balance of payments) when the imports(M) exceeds the exports(X).…

Q: globalization

A: Globalization refers to the increasing interdependence between different cultures, economies, and…

Q: Explain the impact of the changes in the following variables on Current Account balance a)…

A: Note: As per the guidelines we will answer only three subparts. Please resubmit the question again…

Q: Which of the following economic reasoning behind the twin deficit theory is not correct? a.…

A: The budget deficit and trade deficit or current account deficit are known as twin deficit.

Q: Suppose a country exports $60 million worth of goods and services, while it imports $50 million…

A: The term GDP means the aggregate total output produced by a country in the current year. This…

Q: Identify the impact of a Foreign Direct Investment inflow on the following factors. Please explain…

A: Answer - Need to find- Identify the impact of a Foreign Direct Investment inflow on the following…

Q: The macroeconomic view of a trade deficit implies that, other things equal, the imposition of a…

A: A trade deficits occurs when a nation's imports is more than its exports. So, the macroeconomic view…

Q: A trade deficit means a net inflow of payments for goods and services outflow of goods and…

A: In foreign trade, exports signify the amount of domestic goods and services that foreign firms and…

Q: Describe three means by which a current account deficit in a developing country is financed. (By…

A: Concept Current account deficit is measuring a country's commerce in which Its imports outnumber its…

Question

Which one of the following is proposed as a direct cause of within-country wage inequality in the United States for the last few decades?

A) minimum wage changes

B) globalization

C) political instability

D) current account deficit

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________. the recession new technologies the rise of global markets inflation
It is often argued that highly flexible labour markets lead to greater income inequality (page 344). What policies does Denmark use to ensure this does not occur?
The following statistic is reported by the U.S. Bureau of Labor Statistics: in 2014, women’s average weekly earnings is 83% of men’s average weekly earnings. This statistic is referred to, in the media, as the “gender wage gap”. Possible reasons wages vary among workers, and thus the average weekly earnings for women is different than that of men, include which of the following? a.human capital b.compensating wage differentials c.job search uncertainty d.All of the above.
Migration and income inequality is positively related. Explain.
What effect will each of the following proposed changes have on wage inequality?a. Indexing t he m inimum wage to inflation.b. Increasing the benefit level paid to welfare recipients.c. Increasing wage subsidies paid to firms that hire low-skill workers.d. An increase in border enforcement, reducing the number of illegal immigrants entering the country.
How is significant the relationship between migration and income inequality to the community, the people, and various institutions? Explain.
Which of these is not an example of factor income from abroad? a. Retained Earnings of companies owned by citizens operating in a foreign country b. Incomes of expatriates which are earned inside the country c. Incomes of citizens who are working in another country d. Incomes of citizens living abroad
Migration and income inequality is negatively related. Explain.
Which of the two measures (unemployment or underemployment) can best represent the labor market situation in countries like Afghanistan? What are your reasons? (you could compare the limitations of both measures/definitions, and assess how realistic they are for low-income countries like Afghanistan)
Analyse and elaborate the factors determining the wage rate in the labour market.
Using the theory of wage determination, explain why wages in developing countries, where levels of capital are small, are typically quite low.
Due to a stagnant income for 23 years, the number of Mexicans who cannot buy the basic basket has been practically the same since 1992. According to data from the National Council for the Evaluation of Social Development Policy (Coneval), in 2014, the 53.2 percent of the population had income below the welfare line, and a monthly per capita income of 3,115 pesos. In 1992, when poverty began to be measured in Mexico, it was 53.1 percent of the population, with an average income of 3,322 pesos. The basic product consumption basket is a necessary element to calculate inflation through the (INPC / GDP deflator / interest rate) _______________________________