In Recent Years, the Increasing Relative Wage of Skilled Labour

question 17

Multiple Choice

In recent years, the increasing relative wage of skilled labour has been mostly due to:

• A) government laws promoting the hiring of skilled labour.
• B) government subsidies provided to college students.
• C) a decrease in the supply of, and increase in the demand for, skilled labour.
• D) an increase in the demand for skilled labour that exceeds the increase in supply.
• E) a decrease in the supply of skilled labour that exceeds the decrease in demand.