The figures given below show the demand (D)and supply (S) curves of labor in two different markets.Figure 16.3

-The ratio of the median income of college-to high school-educated workers is called the _____.

Question

The figures given below show the demand (D)and supply (S) curves of labor in two different markets.Figure 16.3
 
-The ratio of the median income of college-to high school-educated workers is called the _____.

Quizplus · Accepted Answer

The term "college income premium" refers to the difference in median income between workers who have a college degree and those who only have a high school diploma, highlighting the financial advantage of higher education.

The Figures Given Below Show the Demand (D)and Supply (S)