The Demand for High-Skilled Labour Is Derived from the

question 47

Multiple Choice

The demand for high-skilled labour is derived from the

• A)exploitation of the low-skilled workers.
• B)marginal cost of production.
• C)lower wage of the labour.
• D)supply of the high-skilled labourers.
• E)value of marginal product of high-skilled labour.

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Definitions:

Productivity

Refers to the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Planning Process

A series of steps followed to create strategies, allocate resources, and implement actions to achieve goals.

Participatory Planning

An approach to planning which involves stakeholders or community members in the decision-making process to better meet their needs and ensure more effective outcomes.

Conflict Over Scarce Resources

Disputes that arise due to limited availability of resources required by multiple parties.