Which of the Following Is Not a Reason Why Some

question 30

Multiple Choice

Which of the following is not a reason why some workers are paid above the equilibrium wage?

• A) Minimum wage laws.
• B) Efficiency wages.
• C) Unions.
• D) Physical beauty.

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Definitions:

Fulfillment Needs

Psychological or physical requirements essential for a person's well-being and satisfaction, often relating to Maslow's hierarchy.

Nature of Work

The inherent characteristics, requirements, and expectations associated with a specific job or task.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow in 1943, which outlines a five-tier model of human needs, arranged in a hierarchy.

First Level

The initial or elementary stage in a series or categorization system.