-The Above Figure Shows the Supply and Demand Curves for High-Skilled

question 15

Multiple Choice

-The above figure shows the supply and demand curves for high-skilled and low-skilled labor. The figure shows that high-skilled workers earn a wage rate greater than low-skilled workers because

• A) the supply of high-skilled labor is greater than the supply of low-skilled labor.
• B) high-skilled labor has a lower value of marginal product.
• C) of both the cost of acquiring skills and the differences in the value of marginal products.
• D) of discrimination.

---

Definitions:

Electronic Device

A piece of equipment that operates on electricity, including anything from computers and smartphones to household appliances.

Produce Information

The process of generating or creating data, facts, or details that are useful or necessary for a specific purpose or audience.

Accept Data

The process by which data is received and processed by a system or application for further use.

Installing Software

The process of adding new software or programs to a computer system so that they become operational.