What Determines the Position of the Supply Curve of High-Skilled

question 140

Multiple Choice

What determines the position of the supply curve of high-skilled workers relative to that of low-skilled workers?

• A) the cost of acquiring the skill
• B) the difference in the demand curves for the two groups
• C) Bureau of Labor Standard guidelines
• D) the difference in the value of the marginal products
• E) None of the above answers is correct.

---

Definitions:

General Merchandise Stores

Retail establishments that offer a wide range of products across multiple categories, typically without specializing in any one segment.

Full-Service

Refers to businesses or agencies that provide a comprehensive range of services to meet all the needs of their clients without requiring them to seek assistance elsewhere.

Limited-Service

Describes businesses or offerings that provide a narrower range of services compared to full-service counterparts, often at a reduced cost.

Self-Service

A business model or service delivery mechanism where customers perform tasks without the direct aid of staff, typically to save time or resources.