Topic Labor Market Equilibrium Learning Outcome Micro 17 Explain the effects of

Topic labor market equilibrium learning outcome micro

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Topic: Labor Market EquilibriumLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills25
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80) Consider this quote from an article in the Wall Street Journal:ʺThe stock of educated workers isnʹtincreasing fast enough to keep up with rising demand. .......Employers are paying the typicalfour-year college graduate [without graduate school] 75% more than they pay high-school grads.Twenty-five years ago, they were paying 40% more. Employers insist on ever better-educated,skilled workers.ʺSource: David Wessel,ʺLack of Well-Educated Workers Has Lots of Roots, No Quick Fixʺ, Wall StreetJournal, April 19, 2007, Page A2.Which of the following best explains the rapid increase in the wage differential between collegegraduates and high school graduates?80)Diff: 3Page Ref: 555/555Topic: Labor Market EquilibriumLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Analytic Skills
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  • Spring '11
  • Lee
  • Economics, AACSB, 83, equilibrium wage

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