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Author Question: Technological changes that increase the productivity of skilled workers relative to that of ... (Read 73 times)

cdr_15

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on: Jun 29, 2018
Technological changes that increase the productivity of skilled workers relative to that of unskilled workers are referred to as:
 
  A) skill-biased technological changes.
  B) labor-saving technological changes.
  C) unskilled-biased technological changes.
  D) labor-complementary technological changes.

Question 2

Why are public goods non-rival in consumption? Explain with a real-world example.
 
  What will be an ideal response?


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debra928

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A public good like national defense is non-rival in consumption. This is because the enjoyment of national security by a citizen of a country does not reduce the level of security enjoyed by others.


cdr_15

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Excellent

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