The higher the cost of acquiring skills, the ________ are the high-skilled and low-skilled labor ________ curves
A) closer together; demand
B) farther apart; demand
C) closer together; supply
D) farther apart; supply
D
You might also like to view...
Gross domestic product calculations count only final goods and services because
A) counting all goods and services would lead to double-counting of many activities. B) these are the only goods and services that are purchased in an economy. C) one cannot calculate the quantities of intermediate goods produced. D) it is difficult to measure the prices of intermediate goods produced.
If Evan has an absolute advantage in cleaning and bookkeeping when compared to Gloria, then
a. Evan must also have a comparative advantage in cleaning and bookkeeping b. Evan must have a comparative advantage in cleaning c. Evan must have a comparative advantage in bookkeeping d. Gloria has a comparative advantage in neither activity e. we can conclude nothing about comparative advantage