Low-skill workers earn a lower wage than more experienced, higher skilled workers because the
a. low-skill workers lack the intelligence necessary to do any other form of work.
b. low-skill workers were never given the opportunity to invest in human capital.
c. supply of low-skill workers is large relative to the demand for workers in this skill category.
d. low-skill workers are too lazy to search for other employment opportunities.
C
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Explain the shapes of the demand curve for reserves and the supply curve of reserves
What will be an ideal response?
Economist Robert Fogel has estimated that by the year 2040, individuals in the United States will be spending
A) more time in the workforce and more time in leisure activities than they do today. B) less time in the workforce and less time in leisure activities than they do today. C) more time in the workforce and less time in leisure activities than they do today. D) less time in the workforce and more time in leisure activities than they do today.