Skilled labor is relatively scarce because ?

Related Mcqs:

The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

A. increase; increase B. increase; reduce C. reduce; reduce D. reduce; increase...

The downward sloping marginal physical product of labor is the firm’s ?

A. Supply of labor B. Short-run demand curve for labor C. marginal cost of labour marginal revenue product of labor...

The value of an asset depends upon ?

A. its scrap values B. its depreciation C. the present value of the future stream of income it can earn D. the cost of loans...

Involuntary unemployment exists if workers ?

A. will not work at the offered wage B. would work at the going wage but can’t find jobs C. will not work because the hours are anti-social D. Are not prepared to move house to get the job...

According to the human capital view of education ?

A. has no impact on the human capital of workers? B. increases human capital and the wages of workers C. can make any worker into a superstar D. only helps firms sort workers into high ability and low-ability workers....