High-skilled workers earn more relative to low-skilled workers because the demand for high-skilled workers is ________ that for low-skilled workers and the supply is ________ that for low-skilled workers.

Question

Quizplus · Accepted Answer

The statement "the demand for high-skilled workers is greater than that for low-skilled workers" explains why high-skilled workers earn more. Additionally, the statement "the supply is lower than that for low-skilled workers" suggests that there are fewer high-skilled workers available, further increasing their value and earning potential.

High-Skilled Workers Earn More Relative to Low-Skilled Workers Because the Demand