Which One of the Following Is Not a Reason Why

question 84

Multiple Choice

Which one of the following is not a reason why the wages of high-skilled workers exceed the wages of low-skilled workers?

• A)The market for high-skilled workers is more competitive than the market for low-skilled labour.
• B)The value of marginal product of high-skilled workers is greater than that of low-skilled workers.
• C)The cost of obtaining the human capital required for high-skilled workers is greater than the cost of obtaining the human capital required for low-skilled workers.
• D)High-skilled workers have acquired more human capital than low-skilled workers.
• E)The demand curve for high-skilled workers lies to the right of the demand curve for low-skilled workers.

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Definitions:

Interval Estimate

A range of values, calculated from sample data, that is likely to include the true value of a population parameter.

Sample Statistic

A numerical measurement describing some characteristic of a sample, such as the mean or variance.

Sample Mean

The mean of a collection of numbers, determined by summing all the numbers in the set and then dividing by the count of the numbers.

Population Mean

The average of a set of characteristics (such as age, weight) of every member of a population.