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 72 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 top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Sleep Requirements Change with Age Sleep Requirements Change with Age
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Trends in employed mothers with a child/children younger than 3 years of age Trends in employed mothers with a child/children younger than 3 years of age
Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library