Because skills are costly to obtain, at a given wage rate, the
A) quantity demanded of high-skilled labor is less than the quantity demanded of low-skilled labor.
B) quantity demanded of high-skilled labor is greater than the quantity demanded of low-skilled labor.
C) quantity supplied of high-skilled labor is less than the quantity supplied of low-skilled labor.
D) quantity supplied of high-skilled labor is greater than the quantity supplier of low-skilled labor.
Correct Answer:
Verified
Q141: High-skilled workers earn more than low-skilled workers
Q142: In recent years, information technology such as
Q143: Suppose there are two types of labor,
Q144: Information technologies _ the demand for low-skilled
Q145: High skilled labor and information technology are
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
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