Author Question: Which of the following is a reason why the wage rate of high-skilled workers exceeds the wage rate ... (Read 167 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
Which of the following is a reason why the wage rate of high-skilled workers exceeds the wage rate of low-skilled workers?
 
  A) The market for high-skilled workers is more competitive than the market for low-skilled labor.
  B) The demand for high-skilled workers exceeds the demand for low-skilled workers.
  C) The number of high-skilled workers exceeds the number of low-skilled workers.
  D) Low-skilled workers often are in the process of acquiring more human capital.

Question 2

In the above figure, as Brendan's income falls his consumption bundle moves from point A to point E. This implies that for Brendan, compact discs are ________ good and haircuts are ________ good.
 
  A) a normal; an inferior
  B) a normal; a normal
  C) an inferior; an inferior
  D) an inferior; a normal



tennis14576

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library