Question
In the past few decades the wages of high-skill workers increased relative to those of low-skill workers. Under what circumstances can we say that this
In the past few decades the wages of high-skill workers increased relative to those of low-skill workers. Under what circumstances can we say that this development is due to an increase in the relative demand for high-skill labour?
a. There was a simultaneous increase in the relative supply of high-skill workers
b. There was a simultaneous increase in the relative employment of high-skill workers
c. There was a simultaneous increase in the relative employment of low-skill workers
d. There was a simultaneous increase in the relative supply of low-skill workers
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started