Suppose a forestry firm has just two types of jobs.One requires an education and the other does not.The differences in the wages is high enough to provide workers with a reasonable return on their investment in education.It is likely that:
A)the firm will increase the wage rate for the job that requires an education
B)the supply of workers for the job that requires an education will rise
C)the firm's demand for workers for the job that an requires education will rise
D)all of the above will occur

Question

Quizplus · Accepted Answer

Given the high wage difference that compensates for the investment in education, more individuals are likely to pursue the necessary education to qualify for the higher-paying job, thus increasing the supply of workers for that position.

Suppose a Forestry Firm Has Just Two Types of Jobs