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:

Coconuts

The large, brown, hard-shelled seeds of the coconut palm, known for their edible white flesh and water, and used in various culinary and non-culinary applications.

Produces

The act of creating or manufacturing goods and services to meet consumer demand.

Clothing

Items worn on the body, typically made from fabrics or textiles, for practicality or fashion.

Economic Model

A simplified representation of economic processes used to predict economic behaviors.