Refer to the Following Figure When Answering
Figure $L _ { 2 } ^ { D }$

question 87

Multiple Choice

Refer to the following figure when answering
Figure 7.5: Labor Market
-Consider Figure 7.5. If the demand curve for college graduates is characterized by $L _ { 2 } ^ { D }$ , which of the following is a reason why the demand for labor for college graduates is higher than that for high school students, characterized by $L _ { 1 } ^ { D }$ ?

• A) skill-based technological change
• B) low saving rates
• C) fewer college graduates than high school graduates
• D) a growing number of college graduates
• E) specialization

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Definitions:

Maximizing Shareholder Value

A company's goal to increase the wealth of its shareholders by improving profitability and potential dividends.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity.

Efficiency-Enhancing Unionism

A perspective on labor unions that posits they can contribute to improved efficiencies in the workplace through cooperative relationships and practices that enhance productivity.

Social Movement Unionism

An approach to unionism that combines labor organizing with broader social and political objectives, often aligning with other social movements.