Answered

3. People can increase their ability to earn a higher wage rate by

A. building skills that are scarce in the labor market.
B. working more hours per week.
C. reducing their time in education and jumping right into the labor market.
D. working in a family business.



Answer :

GinnyAnswer

Final answer:

Earning a higher wage rate is influenced by having skills in demand and enhancing human capital.


Explanation:

People can increase their ability to earn a higher wage rate by building skills that are scarce in the labor market. Having talents, skills, education, or training in demand by businesses tends to lead to higher earnings. Additionally, increasing the amount of human capital possessed by workers can also boost their earning potential.


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