The Wage Differential Between High-Skilled and Low-Skilled Workers Is the Result

question 103

Multiple Choice

The wage differential between high-skilled and low-skilled workers is the result of

• A) a difference in the value of marginal product.
• B) the cost of acquiring skills.
• C) a negative income tax.
• D) Both answers A and B are correct.
• E) Both answers B and C are correct.

---

Definitions:

Objectives

Specific, measurable goals that are designed to be achieved within a certain timeframe.

Data

Quantitative or qualitative values that represent information or variables, often used for analysis or to make decisions.

Checkoff Provision

Contract provision under which the employer, on behalf of the union, automatically deducts union dues from employees' paychecks.

Union Member

An individual who belongs to an organized group representing workers in negotiations with employers over wages, benefits, and working conditions.