Use the Figure Below to Answer the Following Questions

question 3

Multiple Choice

Use the figure below to answer the following questions.

Figure 19.1.2
-Refer to Figure 19.3.1. At the equilibrium wage rates,

• A)more high-skilled workers will be hired than low-skilled workers.
• B)more low-skilled workers will be hired than high-skilled workers.
• C)the horizontal distance between the two demand curves is the compensation for the cost of acquiring human capital.
• D)the horizontal distance between the two supply curves is the value of marginal product of skill.
• E)value of marginal product is maximized.

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Definitions:

Personality Trait

A characteristic way of thinking, feeling, and behaving that is consistent over time and across situations.

Everyday Intuitions

The unconscious, quick judgments and decisions that people make daily without deliberate analytical thought.

Personality Consistency

The degree to which an individual's personality traits remain stable over time and across different situations.

Openness

In psychology, one of the Big Five personality traits, characterized by appreciation for art, emotion, adventure, unusual ideas, and curiosity.