The ________ Distance Between the Supply Curve of Low-Skilled Labor

question 56

Multiple Choice

The ________ distance between the supply curve of low-skilled labor and the supply curve of high-skilled labor is the ________.

• A) horizontal; value of marginal product of skill
• B) horizontal; compensation for cost of acquiring skill
• C) vertical; value of marginal product of skill
• D) vertical; compensation for cost of acquiring skill
• E) vertical; difference in the price of the product produced b y high-skilled labor minus the price of the product produced by low-skilled labor

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Definitions:

Straight Line Amortization

A method of amortizing an intangible asset evenly over its useful life.

Voting Shares

Equity that grants the investor voting privileges on matters like board of directors' elections.

Cost Method

An accounting approach where investments are recorded at their acquisition cost, without recognizing any changes in market value until they are sold.

Investment Account

An account held at a financial institution or brokerage used to hold, manage, and track securities investments and transactions.