Consider this quote from an article in the Wall Street Journal: "The stock of educated workers isn't increasing fast enough to keep up with rising demand
Employers are paying the typical four-year college graduate [without graduate school] 75% more than they pay high-school grads. Twenty-five years ago, they were paying 40% more. Employers insist on ever better-educated, skilled workers. "
Source: David Wessel, "Lack of Well-Educated Workers Has Lots of Roots, No Quick Fix," Wall Street Journal, April 19, 2007, A) The demand for high-school educated workers shifted to the left faster than the supply of college educated workers shifted to the right.
B) The supply of high-school educated workers shifted to the right faster than the demand for college educated workers shifted to the right.
C) The demand for college educated workers shifted to the right faster than the supply of college educated workers shifted to the right.
D) The demand for college educated workers shifted to the right while the supply of college educated workers shifted to the left.
C
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Which of the following are reasons for the increased centralization in school financing?
a. The existence of diseconomies of scale in education. b. A desire by state education agencies to decentralize control. c. A desire to equalize funding across school districts. d. Increasing positive externalities from education as globalization increases.
Which type of unemployment is experienced by a person who is laid off at an office because word processing equipment and software reduce the need for typists?
a. Seasonal. b. Cyclical. c. Voluntary. d. Structural. e. Frictional.