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In Social Studies / College | 2025-07-05

Select the correct answer.
Which statement is false?
A. A society accepts minimum wage laws as a method of determining wages.
B. The market value of a good determines wages.
C. The quality of a good determines wages.
D. Employee productivity determines wages.
E. The price floor determines the minimum wage.

Asked by jgarcia0818

Answer (1)

The false statement regarding wage determination is primarily B, which misrepresents the role of market value in setting wages. Wages are primarily influenced by factors like minimum wage laws and employee productivity rather than the market value of goods. Quality of goods also does not directly determine wages, making statement C somewhat misleading as well. ;

Answered by GinnyAnswer | 2025-07-05

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