Final answer:
A significant increase in the demand for high-skilled labor compared to its supply has led to a rise in real wages for such workers, due to technological advancements and globalization. Option A is correct.
Step-by-step explanation:
Larger increases in the demand for labor than in the supply of labor can lead to different economic outcomes. When the increase in demand for labor, especially high-skilled labor, surpasses the increase in supply, it can result in a substantial increase in real wages for those high-skilled workers.
This scenario is explained by shifts in the supply and demand curves for high-skilled labor.
The supply curve has shifted to the right due to more people acquiring high-skilled education, while the demand curve has shifted even further to the right because of factors like new technology and globalization, which have substantially increased the demand for such labor. As a result, there is a rise in the wages for high-skilled labor despite the increased supply.