The above figure shows the demand and supply curves for high-skilled and low-skilled labor. The wage rate
A) of high-skilled labor is $7.00 and of low-skilled labor is $6.00.
B) of high-skilled labor is $9.00 and of low-skilled labor is $7.00.
C) of high-skilled labor is $6.00 and of low-skilled labor is $4.00.
D) of high-skilled labor is $9.00 and of low-skilled labor is $4.00.
D
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Steve takes $500 from his paycheck and uses it to purchase U.S. Savings Bonds. Based on this information:
A. Steve's wealth is unchanged. B. Steve's saving has increased by $500. C. Steve's saving has decreased by $500. D. Steve has a capital gain of $500.
Import bans, import quotas, voluntary export restraints, and tariffs on goods all
A) increase imports and reduce prices for consumers. B) reduce imports and prices for consumers. C) reduce imports and raise prices for consumers. D) increase imports and raise prices for consumers.
A numerical target that companies must meet for the hiring of minorities is called a(n)
A) subsidy. B) quota. C) audit. D) allotment.
A tax on the buyers of cameras encourages
a. sellers to supply a smaller quantity at every price. b. buyers to demand a smaller quantity at every price. c. sellers to supply a larger quantity at every price. d. Both a) and b) are correct.