Multiple Choice
Use the figure below to answer the following questions. 
Figure 18.3.1
-Refer to Figure 18.3.1.Choose the correct statement.
A) The elasticity of demand for high-skilled labourers is less than the elasticity of demand for low-skilled labourers.
B) High-skilled labourers receive a lower wage than low-skilled labourers.
C) High-skilled labourers receive a greater wage than low-skilled labourers.
D) The vertical distance between the two demand curves is the compensation for the cost of acquiring human capital.
E) The vertical distance between the two curves is the present value of human capital.
Correct Answer:
Verified
Correct Answer:
Verified
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