Question: Based on class discussion, the following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT: Question 26 options: Low Skilled Labor has

Based on class discussion, the following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT: Question 26 options: Low Skilled Labor has a more Elastic Demand than the High Skilled Labor sector. Low Skilled Labor has a more Elastic Supply than the High Skilled Labor sector. An aging population could lead to a contraction of the Labor Force and consequent contraction of Labor Supply and increase of Wages in the market. Higher Pension Benefits will decline the motivation to work, with the consequent decline of market wages

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