Which of the Following Is a Reason Why the Wage

question 25

Multiple Choice

Which of the following is a reason why the wage rate of high- skilled workers exceeds the wage rate of low- skilled workers?

• A) Low- skilled workers often are in the process of acquiring more human capital.
• B) The demand for high- skilled workers exceeds the demand for low- skilled workers.
• C) The market for high- skilled workers is more competitive than the market for low- skilled labour.
• D) The number of high- skilled workers exceeds the number of low- skilled workers.

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Definitions:

Cancer

A disease characterized by the uncontrolled growth and spread of abnormal cells that can lead to death if not treated.

Specialization

The process of focusing on and becoming expert in a particular subject or skill.

Malignant

A term used to describe a severe and progressive disease, often cancer, that is likely to worsen and spread.

Blood-forming Tissues

Tissues responsible for the production of blood cells, primarily located in the bone marrow.