Author Question: Managers and entrepreneurs are A) the same. B) different. C) assume risk. D) always ... (Read 49 times)

jjjetplane · **on:** Jun 30, 2018

Managers and entrepreneurs are
A) the same.
B) different.
C) assume risk.
D) always stockholders.

Question 2

If a large number of skilled workers retire at about the same time through early retirements or buyouts, what will happen to the wages of skilled workers, other things being equal?

brittanywood · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

The supply of skilled workers would shift to the left, thereby increasing the wage rates in skilled professions and decreasing the quantity of skilled labor in the marketplace. The higher wage rates would motivate individuals to improve their workplace skills and eventually move into those positions.