Use the Figure Below to Answer the Following Questions

question 122

Multiple Choice

Use the figure below to answer the following questions.

Figure 19.3.1
-Refer to Figure 19.3.1. At any given employment level, the vertical distance between the demand curves of the high-skilled and low-skilled workers

• A)is equal to the difference in the value of marginal product of the workers.
• B)is equal to the difference in the work ethic of the workers.
• C)is caused by discrimination against minorities.
• D)is caused by discrimination against women.
• E)equals the cost of acquiring the skills.

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Definitions:

Ask Price

The lowest price a seller is willing to accept for a security in the financial markets.

Invoice Price

The price that appears on the invoice from the manufacturer to the dealer, often not reflecting the actual price a consumer pays.

Coupon Bond

A bond that pays the holder a fixed interest rate (coupon payment) over the bond's lifetime, in addition to returning the principal at maturity.

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, considering all payments and the face value.