The Demand for Low-Skilled Labour Is Derived from the

question 114

Multiple Choice

The demand for low-skilled labour is derived from the

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

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Definitions:

Cognitive Development

Refers to the growth of mental capabilities and processes, including thinking, reasoning, problem-solving, and understanding the world around us.

Financial Resources

Assets and means available to an individual or organization to fund its operations and projects.

Novice

An individual who is new to a field or activity, possessing little to no experience.

Extended Period

A lengthy timeframe, often longer than initially anticipated or beyond the norm.