Wages (prices) for high-skilled labor have continually risen, despite an increase in people with college and advanced degrees. What is the most logical explanation for this? Group of answer choices A)Government has instituted a policy to reward college graduates with higher wages. B)Demand for high-skilled labor has decreased. C)Minimum wage has increased. D)Demand for high-skilled labor has increased.
Wages (prices) for high-skilled labor have continually risen, despite an increase in people with college and advanced degrees. What is the most logical explanation for this? Group of answer choices A)Government has instituted a policy to reward college graduates with higher wages. B)Demand for high-skilled labor has decreased. C)Minimum wage has increased. D)Demand for high-skilled labor has increased.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Wages (prices) for high-skilled labor have continually risen, despite an increase in people with college and advanced degrees. What is the most logical explanation for this?
Group of answer choices
A)Government has instituted a policy to reward college graduates with higher wages.
B)Demand for high-skilled labor has decreased.
C)Minimum wage has increased.
D)Demand for high-skilled labor has increased.
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