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Which of the following is (are) a difference between high-skilled workers and low-skilled workers?
i.High-skilled workers have a higher value of marginal product.
ii.High-skilled workers have incurred lower opportunity costs to acquire their skills.
iii.The demand for high-skilled workers exceeds that for low-skilled workers.
Syllogism Validity
The measure of whether a syllogism (a form of logical argument that applies deductive reasoning to arrive at a conclusion) holds correct logical form and, thus, guarantees the truth of the conclusion if the premises are true.
Syllogism Validity
A measure of whether a syllogism (a form of reasoning in which a conclusion is drawn from two given or assumed propositions) logically follows from its premises.
Venn Diagram
A diagram using overlapping circles to illustrate the logical relationships between two or more sets of items.
Syllogism Validity
The measure of whether a deductive argument correctly infers its conclusion from its premises in a logical manner.
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