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The ________ the Value of Marginal Product of Skill, the ________

Question 32

Multiple Choice

The ________ the value of marginal product of skill, the ________.


A) larger; more elastic the supply curve of labour
B) larger; larger is the wage differential between low-skilled workers and high-skilled workers
C) smaller; larger is the wage differential between low-skilled workers and high-skilled workers
D) smaller; less elastic the supply curve of labour
E) smaller; larger is the cost of acquiring the skill

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