Using the Marginal Product Theory of Wages, a Worker's "Real

question 119

Multiple Choice

Using the marginal product theory of wages, a worker's "real" wage is:

• A) twice the amount of the "money" wage.
• B) what the "money" wage will purchase in terms of products.
• C) what she earns after taxes.
• D) what she would earn if her employer paid her fairly.

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Definitions:

Intense

A term describing a high degree of strength, concentration, or seriousness of something like emotions, situations, or activities.

Emotions

Complex psychological states that involve three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response.

Lethargic

Describes a state of sluggishness, drowsiness, or lack of energy.

Negative Affect

A mood dimension that consists of emotions such as nervousness, stress, and anxiety at the high end and relaxation, tranquility, and poise at the low end.