Question
Refer to Figure 19.3.1. For any given quantity of labour employed, A) the elasticity of demand for high-skilled labourers is less than the elasticity of
Refer to Figure 19.3.1. For any given quantity of labour employed,
A) the elasticity of demand for high-skilled labourers is less than the elasticity of demand for low-skilled labourers.
B) high-skilled labourers will receive a lower wage than low-skilled labourers.
C) high-skilled labourers will receive a greater wage than low-skilled labourers.
D) the vertical distance between the two demand curves is the compensation for the cost of acquiring the skill.
E) the vertical distance between the two curves is the present value of human capital.
. Refer to Figure 19.3.1. At any given employment level, the vertical distance between the demand curves of the high-skilled and low-skilled workers
A) is equal to the difference in the value of marginal product of the workers.
B) is equal to the difference in the work ethic of the workers.
C) is caused by discrimination against minorities.
D) is caused by discrimination against women.
E) equals the cost of acquiring the skills.
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