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Use the Table, with Data for Workers and Businesses, to Answer

Question 83

Multiple Choice

Use the table, with data for workers and businesses, to answer the question. The payoff cells are labeled A, B, C, and D.  Table: High Wage or Low Wage?  Businesses create unskilled  jobs.  Businesses create skilled  jobs.  Workers don’t get training.  A. A low-skilled labor market  B. A shortage of skilled  workers  Workers get training.  C. A shortage of skilled jobs  D. A high-skilled labor  market { \text { Table: High Wage or Low Wage? } } \\\begin{array} { | l | l | l | } \hline & { \begin{array} { c } \text { Businesses create unskilled } \\\text { jobs. }\end{array} } & { \begin{array} { c } \text { Businesses create skilled } \\\text { jobs. }\end{array} } \\\hline \text { Workers don't get training. } & \text { A. A low-skilled labor market } & \begin{array} { l } \text { B. A shortage of skilled } \\\text { workers }\end{array} \\\hline \text { Workers get training. } & \text { C. A shortage of skilled jobs } & \begin{array} { l } \text { D. A high-skilled labor } \\\text { market }\end{array} \\\hline\end{array} The equilibria are cells _____. A high-income country would settle in _____, and a low-income country would settles in _____.


A) A and B; B; A
B) A and D; D; A
C) B and C; B; C
D) C and D; D; C

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