Use the figure below to answer the following question.

Figure 19.3.3
-Refer to Figure 19.3.3. At any given level of employment for high-skilled and low-skilled workers, the vertical distance between the two supply curves

Question

Use the figure below to answer the following question.
  
Figure 19.3.3
-Refer to Figure 19.3.3. At any given level of employment for high-skilled and low-skilled workers, the vertical distance between the two supply curves

Quizplus · Accepted Answer

The vertical distance between the supply curves represents the additional compensation required to cover the costs of acquiring human capital, such as education and training, which differentiates high-skilled workers from low-skilled workers.

Use the Figure Below to Answer the Following Question