One Reason the Lowest Wage Rate Is Not Necessarily the Same

question 186

Multiple Choice

One reason the lowest wage rate is not necessarily the same as the efficiency wage is that workers might

• A)be more productive at a higher wage rate.
• B)have more incentive to shirk at higher wage rates.
• C)be tempted to switch jobs more frequently at higher wage rates.
• D)be less inclined to work well at a higher wage rate.

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Definitions:

Denying the Antecedent

A logical fallacy that occurs when one incorrectly assumes that if the antecedent is not true, then the consequent cannot be true, in a conditional statement.

Uncorrect Conclusion

A flawed or erroneous outcome, typically resulting from improper reasoning or misunderstanding of the data.

Assumption

An accepted fact or statement taken for granted without proof.

Applying a Generalization

Applying a generalization involves using a broad statement or principle derived from specific instances to make predictions or judgments about other cases.