The supply curve for high-skilled labor lies to the
A) right of the supply curve for low-skilled labor because more people want a high-skilled job.
B) left of the supply curve for low-skilled labor because more people want a high-skilled job.
C) left of the supply curve for low-skilled labor because it is costly to acquire skills.
D) right of the supply curve for low-skilled labor because fewer high-skilled people are willing to work for a low wage.
C
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Recent estimates put the size of the underground economy in the United States at ________ of measured GDP
A) 2 percent B) 8 percent C) 13 percent D) over 50 percent
"Left" gloves and "right" gloves provide a good example of
a. perfect substitutes. b. perfect complements. c. negatively sloped indifference curves. d. positively sloped indifference curves.