On the basis of knowledge obtained in her economics class, Sarah is likely to conclude that:
A)if the lifeguard job also requires a willingness to clean public restrooms, the wage offer will be lower than otherwise
B)if the lifeguard job has a requirement for special training or certification, this would tend to increase the wage offer
C)wages are unlikely to be affected by job requirements
D)since the lifeguard job would expose him to skin cancer, the wage is likely to be low

Question

Quizplus · Accepted Answer

Based on the economic principle of supply and demand, if the lifeguard job has a requirement for special training or certification, this would limit the pool of available workers and increase the wage offer as employers need to offer higher wages to attract qualified workers. Choice A is incorrect because cleaning public restrooms is not a job requirement of a lifeguard, and even if it were, the principle of supply and demand still holds true. Choice C is incorrect because job requirements can have an impact on wages. Choice D is not relevant as the question is asking about job requirements, not health risks.

On the Basis of Knowledge Obtained in Her Economics Class