Asked by
Verified
Why have the earnings of persons with less education (and skill) fallen relative to those with more education (and skill) ?
A) More regulation of the transport industry.
B) More powerful unions.
C) International competition.
D) All of the above.
Less Education
A term describing individuals or populations that have attained lower levels of formal schooling or qualifications compared to a benchmark standard.
International Competition
Rivalry between businesses or economies from different countries, competing in a global marketplace.
Regulation
The enforcement of laws by government or regulatory agencies that dictate how business can operate, often to protect consumers and the market.
- Examine the role of education and skill levels in determining income disparities.
Verified Answer
Learning Objectives
- Examine the role of education and skill levels in determining income disparities.
Related questions
Over the Past Two Decades, the Earnings Gap Between College ...
Compared to Low-Income Families, a Larger Proportion of High-Income Families ...
Differences in Skills or Ability Are One Major Reason for ...
Assuming That All Other Things Are Equal, Including the Wage ...
When the Supply of Workers Is Plentiful, One Would Predict ...