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 147 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?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Distribution of the African great apes. Distribution of the African great apes.
Distribution and Forms of Precipitation: Snow Distribution and Forms of Precipitation: Snow
Prevalence and Sex Distribution of Top 10 Autoimmune Diseases Diagnosed in the United States Prevalence and Sex Distribution of Top 10 Autoimmune Diseases Diagnosed in the United States
Change in plasma metabolomics following glucose igestion Change in plasma metabolomics following glucose igestion
Distribution of H2A.Z-containing nucleosomes near a transcription start site (TSS) Distribution of H2A.Z-containing nucleosomes near a transcription start site (TSS)
Global Distribution of Precipitation Global Distribution of Precipitation
Video: Aneurysm

For a complete list of videos, visit our video library