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Because Skills Are Costly to Obtain, at a Given Wage

Question 108

Multiple Choice

Because skills are costly to obtain, at a given wage rate, the


A) quantity supplied of high- skilled labour is greater than the quantity supplier of low- skilled labour.
B) quantity demanded of high- skilled labour is less than the quantity demanded of low- skilled labour.
C) quantity demanded of high- skilled labour is greater than the quantity demanded of low- skilled labour.
D) quantity supplied of high- skilled labour is less than the quantity supplied of low- skilled labour.

Correct Answer:

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