Question 48 Use the table, with data for workers and businesses, to answer the question. The payoff cells are labeled A, B, C, and D. Table: High Wage or Low Wage? Businesses create unskilled jobs. Businesses create skilled jobs. A. A low-skilled labor market B. A shortage of skilled Workers don't get training. workers D. A high-skilled labor market Workers get training. C. A shortage of skilled jobs The equilibria are cells _A high-income country would settle in , and a low-income country would settles in A and B; B; A O A and D; D; A O B and C; B; C O Cand D; D; C

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Question 48
Use the table, with data for workers and businesses, to answer the question. The payoff cells are labeled A, B, C, and D.
Table: High Wage or Low Wage?
Businesses create unskilled
jobs.
Businesses create skilled
jobs.
A. A low-skilled labor market B. A shortage of skilled
Workers don't get training.
workers
D. A high-skilled labor
market
Workers get training.
C. A shortage of skilled jobs
The equilibria are cells
A high-income country would settle in
and a low-income country would settles in _-
O A and B; B; A
O A and D; D; A
O B and C; B; C
O C and D; D; C
Transcribed Image Text:Question 48 Use the table, with data for workers and businesses, to answer the question. The payoff cells are labeled A, B, C, and D. Table: High Wage or Low Wage? Businesses create unskilled jobs. Businesses create skilled jobs. A. A low-skilled labor market B. A shortage of skilled Workers don't get training. workers D. A high-skilled labor market Workers get training. C. A shortage of skilled jobs The equilibria are cells A high-income country would settle in and a low-income country would settles in _- O A and B; B; A O A and D; D; A O B and C; B; C O C and D; D; C
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