True or false: Though low-skilled laborers make much less in developing countries, no such difference in wages exists for high-skilled workers.True false question.TrueFalse

Explain two reasons why low-skilled workers may be highly paid.

Why are unskilled workers paid less than skilled workers?1 pointA There is a higher demand for unskilled labour than skilled labour.B There is a larger supply of unskilled labour than skilled labour.C Unskilled labour belong to trade unions.D Unskilled labour is more productive than skilled labour.

Which of the following statements about workers in the United States versus workers in other countries is true?Multiple choice question.A manufacturing worker in the United States makes several times what a similar worker in China.A manufacturing worker in the United States makes significantly less than a similar worker in China.Highly skilled foreign workers employed in the United States make 20 times less than their U.S. counterparts.Foreign workers employed in the United States are generally paid according to the standard salaries in their native countries.

True or false? Free trade is beneficial for most countries in terms of GDP, but the problem is that it can create groups of people in a country who cannot compete against more skilled or lower paid workers in other countries.*1 pointFalseTrue

Which of the following statements regarding globalisation and jobs is NOT true?Question 10Select one:a.In developing economies, there have been job gains in lower value-added industriesb.In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levelsc.There have been increasing wages in higher value-added industriesd.There has been job creation in industries where a comparative advantage exists, leading to greater efficiency in the use of factors of production