The above figure shows the demand and supply curves for high-skilled and low-skilled labor. The wage rate
A) of high-skilled labor is $7.00 and of low-skilled labor is $6.00.
B) of high-skilled labor is $9.00 and of low-skilled labor is $7.00.
C) of high-skilled labor is $6.00 and of low-skilled labor is $4.00.
D) of high-skilled labor is $9.00 and of low-skilled labor is $4.00.
D
Economics
You might also like to view...
A circular flow model shows the interrelationship between the ________ markets and the ________ markets
A) expenditure; income B) household; goods C) business; household D) goods; factor E) household; factor
Economics
The OLS estimator
A) has the multivariate normal asymptotic distribution in large samples. B) is t-distributed. C) has the multivariate normal distribution regardless of the sample size. D) is F-distributed.
Economics