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Some economists hypothesize that international trade has altered the relative demand for skilled and unskilled labor, changing the gap in earnings between these two groups. Which of the following statements best describes this hypothesis?(A) Greater demand for skilled labor has led to higher wages for those workers and greater demand for imported products.(B) Unskilled labor is plentiful and cheap in the US, so the US tends to export goods produced with unskilled labor and import goods produced with skilled labor.(C) Computers raise the demand for skilled workers and reduce the demand for the unskilled workers whose jobs are replaced by the computers.(D) Unskilled labor is plentiful and cheap in many foreign countries, so the US tends to import goods produced with unskilled labor and export goods produced with skilled labor.

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Option D, Unskilled labor is plentiful and cheap in many foreign countries, so the US tends to import goods produced with unskilled labor and export goods produced with skilled labor.

What is the difference between unskilled and skilled labor?

  • The primary distinction is that before being hired in their profession, skilled labourers must complete an apprenticeship or attend school. Unskilled labourers, on the other hand, can be pretty much any healthy, able-bodied individual.
  • Work that doesn't need a precise set of skills or formal education is referred to as unskilled labour. Thorough training, apprenticeships, or schooling are necessary for skilled labour.
  • The Bureau of Labor Statistics uses the phrase "low-skilled/unskilled labour" to describe employment that is regular in nature, needs little to no experience or training, or both. No post-secondary degree or accreditation is required for the workers in these occupations.
  • Highly trained, educated, or experienced workers who are able to carry out more difficult physical or mental duties on the job are referred to as skilled labour. Because skilled work is frequently specialised, it may need for extensive training and experience.

Learn more about unskilled and skilled labor refer to :

https://brainly.com/question/16786881

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