When a Worker Has a Rare Skill or Talent, Supply

question 136

Multiple Choice

When a worker has a rare skill or talent, supply in that labor market:

• A)is low.
• B)is high.
• C)depends on the other factors of production.
• D)depends on the output produced.

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Definitions:

Senators

Members of the senate, the upper chamber of the legislature in many countries, responsible for making and passing laws.

Electoral Votes

The votes cast by electors in the Electoral College, determining the winner of U.S. presidential elections.

House

Often referring to the House of Representatives, it is one of the two chambers of the United States Congress, the other being the Senate; members are elected to represent districts within states.

Senate

One of the two houses of the legislature in many countries, often tasked with reviewing and consenting to legislation, appointments, and treaties.