This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How might technological change and globalization explain trends in the distribution of income? ... (Read 122 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 29, 2018
How might technological change and globalization explain trends in the distribution of income?
 
  What will be an ideal response?

Question 2

A firm's managers need information on the firm's revenue and costs as well as information on the value of a firm's assets and the amount of the firm's debts to answer three basic questions.
 
  Which of the following is not one of those three basic questions?
  A) how to produce it? B) where to produce?
  C) what to produce? D) what price to charge?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

Technological change and globalization have both changed the distribution of income so that the rich get richer and the poor get poorer. More specifically, technological change has increased the demand for high-skilled workers and increased their wage rates and incomes. It also has decreased the demand for low-skilled workers and decreased their wage rates and their income. Globalization also has increased the demand for high-skilled workers and decreased the demand for low-skilled workers in the United States. Globalization has made contests worldwide, so the prizes for the best superstarsbe they athletes or business managershave increased with the increase in the size of the market.

Answer to Question 2

B


rlane42

  • Hero Member
  • *****
  • Posts: 594
Reply #2 on: Jun 29, 2018
Thank you :)


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Distribution of the Ceboidea, or New World monkeys. Distribution of the Ceboidea, or New World monkeys.
The second half of life brings a change from outward to inward concerns and from physical to ... The second half of life brings a change from outward to inward concerns and from physical to ...
The Distribution of Pressure The Distribution of Pressure
Ecological sensitivity to climate change Ecological sensitivity to climate change
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library