The More Specialized and Highly Valued a Worker's Skills Are

question 129

Multiple Choice

The more specialized and highly valued a worker's skills are,

• A)the lower is the worker's stock of human capital.
• B)the more likely the worker is to earn economic rent.
• C)the less likely the worker is to sell the skills on the primary labor market.
• D)the more likely the worker is to be directly affected by minimum wage legislation.

---

Definitions:

Annuitant

The individual who receives the benefits or payments from an annuity plan.

Annuity

A finance-related product that ensures a continual payment stream to a recipient, mainly used in planning for life after work.

Ordinary Annuity

Steady cash flows facilitated at the decline of each era during a certain season.

Nominal Interest

The rate of interest quoted on a loan or bond without adjusting for inflation or other factors that could affect the real rate of return.