Because Skills Are Costly to Obtain, at a Given Wage

question 151

Multiple Choice

Because skills are costly to obtain, at a given wage rate, the

• A) quantity demanded of high-skilled labor is less than the quantity demanded of low-skilled labor.
• B) quantity demanded of high-skilled labor is greater than the quantity demanded of low-skilled labor.
• C) quantity supplied of high-skilled labor is less than the quantity supplied of low-skilled labor.
• D) quantity supplied of high-skilled labor is greater than the quantity supplier of low-skilled labor.