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:

65 Years Old

A common age of retirement in many societies, also considered the beginning of senior citizen or elderly status.

Group of States

An alliance or collective of countries that collaborate for political, economic, or military purposes.

Elderly Men

Male individuals of advanced age, often considered to be in the later stage of life, commonly recognized as 65 years and older in many societies.