Why do skilled workers generally earn more than unskilled workers?
a. The demand for unskilled labor is more inelastic than the demand for skilled labor.
b. Skilled labor has higher marginal revenue products than unskilled labor.
c. The demand for unskilled labor is greater than the demand for skilled labor.
d. The supply of skilled labor is greater than the supply of unskilled labor.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why do skilled workers generally earn more than unskilled workers? a. The demand for unskilled labor is more inelastic than the demand for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Han Corp's sales last year were $440,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but some delay payment beyond Day 30.
Answers (1)
Star co. leases a building for its product showroom. the ten-year nonrenewable lease will expire on december 31, year 10. in january year 5, star redecorated its showroom and made leasehold improvements of $48,000.
Answers (1)
Memuru Company has the following information pertaining to its two divisions for last year:Division X Division YVariable selling and admin.
Answers (1)
Vasudevan Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million.
Answers (1)
Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar, say 18% on average against all major trading partner currencies.
Answers (1)
New Questions in Business
An HR manager for PepsiCo, a company known for its commitment to diversity, is seeking to hire employees who are very comfortable with racial, cultural, and sexual diversity.
Answers (1)
All of the following food safety hazards can cause food to become unsafe for human consumption, except for: Biological Chemical Metaphysical Physical
Answers (1)
How have technological advancements in knitting affected fabric production? A. by increasing the use of yarn B. by increasing the cost of production C. by increasing design possibilities D. by improving fabric quality E.
Answers (1)
A country that has multinational corporations is most likely to be
Answers (2)
If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?
Answers (2)