Instructions

Read carefully the following article:

INTERNATIONAL PERSPECTIVE "Income Inequality Is Not Rising Globally. It's Falling." by Tyler Cown, NYT, JULY 19, 2014.(Links to an external site.)

https://www.nytimes.com/2014/07/20/upshot/income-inequality-is-not-rising-globally-its-falling-.html

Then answer the following questions based on that article:

Q1/Tyler Cowen argues that income inequality for the world as a whole has been rising in the last two decades.

True

False

Q2/Which events are responsible for changes in global income inequality in the recent decades? (Select all that apply.)

a/economic growth of China

b/economic growth of India

c/fall in the price of gold

d/economic growth in other developing coutries

Q3/Research by the economist George Borjas, suggests that immigration of low-skilled workers to the United States has [ Select ] ["large positive", "small positive", "large negative", "small negative"] effect on the wages of low-skilled American workers.