What is meant by the skill-biased technological explanation of increasing inequality?Group of answer choicesThere has been increasing inequality over the last 40 years because unskilled workers use no technology.There has been increasing inequality over the last 40 years among high-skilled workers.Inequality has increased because technological advances over the last 40 years have complemented the productivity of skilled labour more relative to unskilled labour.Inequality has increased because technological advances over the last 40 years have complemented the productivity of unskilled labour more relative to foreign labour.Inequality has increased because technological advances have not kept pace with the demand for education.

Which one of the following is the most important factor contributing to inequality in earnings?Group of answer choicestechnologygenderproductivityasset ownership

In the context of intergenerational inequality, ‘regression toward the mean’ is captured by which of the following? Group of answer choicesthe tendency for inequality to be wider as a country experiences economic growththe tendency for the 90–50 wage gap to approach the 50–10 wage gap as a country experiences economic growththe tendency for countries to diverge in their inequalitthe tendency for inequality across families to stay unchanged over timethe tendency for income differences across families to get smaller over time as the various families move toward the mean income of the population

According to the "World Social Report 2020", all of the following trends are true, except one. Which statement is NOT TRUE?AUntil 2015, the top 10% of the population held a significant concentration of income and wealth, but since then, there has been a decrease in this concentration.BWhile economic inequality has grown within many countries, inequality among countries is declining in relative terms.CTechnological change can be an engine of economic growth, but it can also exacerbate wage inequality and displace workers.DIncome inequality has declined in most countries of Latin America and the Caribbean and in several African and Asian countries over the last two decades.EI'm not sure

According to the passage, all these factors affect labour incomes and contribute to their inequality EXCEPT:Precautionary saving for potential negative income shocks.Permanent wage inequalities among different worker groups.Short-term fluctuations, such as changes in wages and working hours.Skill level and hierarchical position of each worker group.

Archeologists are finding that increasing inequality first occurred with:Group of answer choicesthe Agricultural Revolution, especially with the use of animals to plow fields and the resulting increases in production.the end of US slavery in the middle 1800s.the Industrial Revolution, especially the addition of Unions in the early 1900s.