What Determines the Position of the Supply Curve of High-Skilled

question 140

Multiple Choice

What determines the position of the supply curve of high-skilled workers relative to that of low-skilled workers?

• A) the cost of acquiring the skill
• B) the difference in the demand curves for the two groups
• C) Bureau of Labor Standard guidelines
• D) the difference in the value of the marginal products
• E) None of the above answers is correct.

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Definitions:

Histamine

A compound involved in local immune responses, functioning as a neurotransmitter and playing a role in regulating physiological function in the gut and acting as a mediator of itching.

Arousal

A state of heightened physiological and psychological activity, involving the brain, various bodily systems, and behavior.

Asthma

A chronic inflammatory disease of the airways characterized by variable and recurring symptoms, reversible airflow obstruction, and bronchospasm.

Acetylcholine

A neurotransmitter involved in many functions including muscle movement and memory, acting as a chemical messenger in the nervous system.