Given Their Skills and Knowledge, Mine Workers Earn Higher Incomes

question 175

Multiple Choice

Given their skills and knowledge, mine workers earn higher incomes than they would in another occupation. This is partly because

• A) mine workers have a higher risk of injury or death.
• B) few people have the skills and knowledge required for mining works.
• C) the skills required of mine workers can be acquired through costly training.
• D) all of the above

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Definitions:

Hedge

An investment strategy used to offset potential losses or gains that may be incurred by a companion investment.

Long Position

Holding an asset or security with the expectation that it will increase in value over time, reflecting an investment strategy based on anticipated price growth.

Treasury Bonds

Long-term government securities issued by the U.S. Treasury with a maturity period typically between 20 to 30 years.

Interest Rate Futures

Financial derivatives that allow investors to bet on or hedge against future changes in interest rates.