Use the Figure Below to Answer the Following Questions

question 82

Multiple Choice

Use the figure below to answer the following questions.

Figure 19.3.2
-Refer to Figure 19.3.2. For the employer to hire 40 hours per week of both high-skilled and low-skilled labour,

• A)high-skilled workers would have to earn a wage rate that is twice that of the low-skilled workers.
• B)high-skilled workers would have to earn a wage rate that is less than that of the low-skilled workers.
• C)high-skilled workers would have to earn a wage that is $2 more than the wage paid to low-skilled workers.
• D)low-skilled workers would have to earn a wage that is $2 more than the wage paid to high-skilled workers.
• E)high-skilled workers need to earn a wage that is between zero and $2 more than low-skilled workers.

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Definitions:

Insurer

A company or individual that provides coverage, through the payment of premiums, against specified risks to life, health, or property.

Insurance Company

A business entity that provides financial protection or compensation to policyholders in exchange for premiums, against specified risks or losses.

Paid Out

This term typically refers to money that has been disbursed or expended, often relating to payments made for goods, services, debts, or claims.

Fidelity Bond

An employer’s insurance against an employee’s wrongful conduct.