Multiple Choice
Test pilots are paid high wages by airplane makers primarily because
A) the demand for labor in this area is very high relative to the demand for labor in other areas of employment.
B) the demand for labor in this area is very low relative to the demand for labor in other areas of employment.
C) the demand for labor in this category is highly elastic.
D) few people possess the required skills and the occupation is very risky.
Correct Answer:

Verified
Correct Answer:
Verified
Q77: The major determinant of an individual's income
Q78: Happyland is a country devoted to consumption.
Q79: When comparisons are made between the earnings
Q80: Assume that empirical evidence shows a difference
Q81: Which of the following best explains why
Q83: The fact that some people will work
Q84: Which of the following could be an
Q85: Automated production methods are only attractive when
Q86: Economic theory suggests that the standard of
Q87: The major determinant of an individual's income