Solved

Refer to the Following Figure When Answering
Figure L2DL _ { 2 } ^ { D }

Question 78

Multiple Choice

Refer to the following figure when answering
Figure 7.5: Labor Market  Refer to the following figure when answering   Figure 7.5: Labor Market   -Consider Figure 7.5. If the demand curve for college graduates is characterized by  L _ { 2 } ^ { D }  , which of the following describes why the demand for labor for college graduates is higher than that for high school students, characterized by  L _ { 1 } ^ { D }  ? A)  There is a growing number of college graduates. B)  There are fewer college graduates than high school graduates. C)  College graduates have a higher marginal product. D)  College graduates are smarter than high school graduates. E)  None of these answers are correct.
-Consider Figure 7.5. If the demand curve for college graduates is characterized by L2DL _ { 2 } ^ { D } , which of the following describes why the demand for labor for college graduates is higher than that for high school students, characterized by L1DL _ { 1 } ^ { D }
?


A) There is a growing number of college graduates.
B) There are fewer college graduates than high school graduates.
C) College graduates have a higher marginal product.
D) College graduates are smarter than high school graduates.
E) None of these answers are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents