Which of the Following Is a Reason Why the Wage

question 103

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

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Definitions:

Supervisors

Individuals within an organization who oversee the work of employees, managing their activities, providing guidance, and ensuring that tasks are completed effectively and efficiently.

NLRA

The National Labor Relations Act, enacted in 1935, which is fundamental labor law in the United States protecting the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses, and the U.S. economy.

NLRA Protection

Refers to the legal safeguards for employees' rights to organize and bargain collectively, established by the National Labor Relations Act.

Demographics

Statistical data relating to the population and particular groups within it, often used to identify market trends and economic policies.