Penny's Wage Rate Decreases Because of the Imposition of a Payroll

question 27

Multiple Choice

Penny's wage rate decreases because of the imposition of a payroll tax, Penny decides to work fewer hours. This is an example of the:

• A) induced savings effect.
• B) income effect of a wage decrease.
• C) substitution effect of a wage decrease.
• D) reverse-endowment effect of a wage decrease.

---

Definitions:

Decision-based Evaluation Model

A framework for analyzing and making judgments about programs, systems, or policies based on criteria related to decision-making processes and outcomes.

Evaluation

The systematic assessment of the value, importance, or effectiveness of something, often for the purpose of making improvements.

Descriptive Training Evaluation Models

Frameworks used to systematically assess and describe the effectiveness and outcomes of training programs.

External Variables

Factors outside of an organization that can influence its operations and performance, such as economic conditions, competition, and regulatory environment.