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In Social Studies / College | 2025-07-07

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 lllewis0349

Answer (1)

The false statement is C, as the quality of a good does not directly determine wages in the labor market. Wages are more influenced by productivity and market conditions. Options A, B, D, and E present accurate representations of factors that affect wages. ;

Answered by GinnyAnswer | 2025-07-07

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