The demand curve for high-skilled labor lies to the right of the demand curve for low-skilled labor because
A) there are more high-skilled workers than low-skilled workers.
B) high-skilled workers require more compensation to convince them to work than do low-skilled workers.
C) high-skilled labor is more productive than low-skilled labor.
D) firms need not be concerned with the minimum wage in the market for high-skilled labor.
Correct Answer:
Verified
Q147: Information technologies are a _ for low-skilled
Q148: Relative to the demand curve for low-skilled
Q149: The wage rate for high-skilled labor is
Q150: Welding has changed dramatically over the last
Q151: One possible reason the U.S. income distribution
Q153: Welding has changed dramatically over the last
Q154: Computers and laser scanners are _ for
Q155: Because of their higher value of marginal
Q156: The demand curve for low-skilled labor lies
Q157: The supply curve for high-skilled labor lies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents