5) Which of the following is not a reason for increased wage gap between skilled...

60.1K

Verified Solution

Question

Finance

image
5) Which of the following is not a reason for increased wage gap between skilled and unskilled labor? a) Productivity of skilled labor increased at a faster rate than that of unskilled labor b) Skill acquisition or education has not kept up with increase in demand for skilled labor c) Marginal product of labor for skilled worker is higher relative to that of the unskilled worker d) Increase in number of unskilled worker due to immigration

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students