The more specialized and highly valued a worker's skills are,
A)the lower is her stock of human capital.
B)the more likely she is to earn economic rent.
C)the less likely she is to sell her skills on the primary labor market.
D)the more likely she is to be directly affected by minimum wage legislation.

Question

Quizplus · Accepted Answer

A worker with specialized and highly valued skills is more likely to earn economic rent because their skills are in high demand and not easily replicated by others. Economic rent is an above-normal return on investment, which in this case would be the worker's skills.

The More Specialized and Highly Valued a Worker's Skills Are