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konstantin123 [22]
3 years ago
10

Skill-biased technological change ______ the demand for high-skilled workers, while the slowdown in the pace of educational adva

ncement reduces the supply of skilled workers, resulting in relatively _____ wages for skilled workers.
A - Increases; higher
B - Increases; lower
C - Decreases; higher
D - Decreases; lower
Business
2 answers:
ahrayia [7]3 years ago
5 0

Answer:

Increases; higher

Explanation:

Skill-Biased Technology Change can be referred to as a shift in the production technology that takes preference of high skilled labour or workers over unskilled labour or workers.

This is achieved by increasing its relative productivity and, therefore, its relative demand.

Also, human capital is the accumulated knowledge (from education and experience), skills, and expertise. When education advancement reduces human capital reduces which at the long run reduces the number of skilled labours.

If there's a reduction in the number of skilled labours, then firms and organisations will be willing to pay huge sum of keep their available skilled labour and to hire new ones.

allochka39001 [22]3 years ago
5 0

Answer: A.) Increases; Higher

Explanation: When the industry requirement need to boost or drive production and ultimately increase growth and revenue hinges towards the need for technological prowess which could most likely be offered by high skilled workers hence promoting and increasing demand for high-skilled workers, this is called Skill biased technological change.

Also, when there is relatively low number of skilled workers owed largely to the breakdown and lack of educational development. Hence, reducing the supply and number of skilled workers. The low supply will result in relatively HIGHER wages for skilled workers.

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Market power"" Select one: a. Is the ability to lower costs and earn monopoly profits. b. is the ability to raise price without
Rufina [12.5K]

Answer:

The correct answer is option b.

Explanation:

Market power can be defined as the ability of a firm or a group of firms to increase the price above the competitive level and do not lose all the demand.

The firms in a perfectly competitive market have no market power because there are a number of firms in the market. If a firm increases the price, its demand will fall to zero.

In imperfect competition though, the firms enjoy a certain degree of market power.

3 0
3 years ago
The expression below shows a number in expanded form. What is the standard form of the number?(2×10)+(3×one tenth)+(9×one hundre
Colt1911 [192]
7,920.3 is my answer
6 0
3 years ago
A woman walks into a store and steals $100 she comes back and buys $70 worth of goods with the $100, the owner gives her$30 in c
deff fn [24]
The answer is $100.

Amount she steals= $100
Amount she bought goods= $70
Amount the owner returns as change = $30
Amount owner loses=?

Amount she steals +amount of goods - amount she gives to owner + amount owner returns as change = $100 + $70 - $100 + $30 = $200 - $100 = $100
8 0
3 years ago
At Ultrinsic, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 10 students from
Margaret [11]

Answer: Incentives.

Explanation:

Incentive is an economic term that is introduce to motivate and encourage people towards some kind of work. Incentive is an amount of money that is given to the achiever.

Here, the incentive is the amount of money allotted for prize. Student knows that entry fees is $10 each. If a student scores A grade, then the maximum amount he can get from prize is $100, which is greater than the entry fees of the contest. So, there is a incentive for the students to score grade 'A'.

Therefore, this motivate students to study well and work hard.

7 0
3 years ago
The goal of recruitment is to obtain a pool of applicants large enough to contain a number of talented prospects. group of answe
Elan Coil [88]

The goal of recruitment is to acquire a pool of candidates massive sufficient to include some talented prospects. True

A purpose is an objective or goal that someone is making an attempt to attain or achieve. The goal is likewise the cease point of a race or something that a participant is trying to put an item into as a part of a game. purpose has other senses as a noun. A goal is an intention or objective that you work toward with attempt and determination.

Lifestyle goals are what we need to obtain, and they may be a lot more meaningful than simply 'what we need to accomplish to live to tell the tale. not like everyday routines or quick-time period targets, they drive our behaviors over the long term.

The definition of a goal is something you aspire to do or wish to do or an aim can refer to scoring a point in certain sporting events. An instance of aim is you decide which you need to get out of debt. An example of aim is whilst you get the p.c. into the opposing crew's net in hockey.

Learn more about goal here: brainly.com/question/1512442

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4 0
1 year ago
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