What determines the position of the supply curve of high-skilled workers relative to that of low-skilled workers?
A) The difference in the demand curves for the two groups.
B) Regulatory labour standard guidelines.
C) The cost of acquiring the skill.
D) The difference in the value of the marginal products.
E) None of the above answers is correct.
Correct Answer:
Verified
Q21: The demand curve for high-skilled workers
A) lies
Q22: Q23: The cost of acquiring a skill accounts Q24: The rates of return on high school Q25: Discrimination by customers creates a wage differential Q27: Which of the following is true? At Q28: The vertical distance between the supply curves Q29: Looking at wage differentials between women and Q30: High-skilled workers earn more relative to low-skilled Q31: High-skilled workers earn more than low-skilled workers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents