Which of the following factors leads to differences in income across individuals?
a. the level of skills possessed by an individual
b. the quality of human capital and education
c. preferences for work over leisure
d. all of the above
d
Economics
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Structural unemployment results in a ________ of labor which should theoretically be reduced by a(n) ________ in the wage rate
A) surplus; decrease B) surplus; increase C) shortage; decrease D) shortage; increase
Economics
Which of these is NOT a generally accepted means of reducing risk?
A) Diversification B) Insurance C) Obtaining more information D) none of the above
Economics