How Does the Supply Curve of High-Skilled Workers Compare to the Supply

question 132

Multiple Choice

How does the supply curve of high-skilled workers compare to the supply curve of low-skilled workers?

• A) Because skills are costly to acquire, at a given wage rate the quantity supplied of high-skilled workers is greater than that of low-skilled workers.
• B) Because skills are costly to acquire, at any given wage rate the quantity supplied of high-skilled workers is less than that of low-skilled workers.
• C) Because skills are inexpensive to acquire, at any given wage rate the quantity supplied of high-skilled workers is less than that of low-skilled workers.
• D) Because skills are inexpensive to acquire, at any given wage rate the quantity supplied of high-skilled workers is greater than that of low-skilled workers.
• E) None of the above answers is correct.

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Definitions:

Terminals

End points for data transmission, or facilities where cargo containers and goods are transferred between different modes of transportation.

Travelers

Individuals who move between different geographic locations, for purposes ranging from leisure and tourism to business.

Takt Time

is the rate at which a finished product needs to be completed in order to meet customer demand, essentially setting the pace for production lines.