Multiple Choice
Why do skilled workers generally earn more than unskilled workers?
A) The demand for unskilled labor is more inelastic than the demand for skilled labor.
B) Skilled labor has higher marginal revenue products than unskilled labor.
C) The demand for unskilled labor is greater than the demand for skilled labor.
D) The supply of skilled labor is greater than the supply of unskilled labor.
Correct Answer:
Verified
Correct Answer:
Verified
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