Which Theories Would Support a Higher Minimum Wage

question 71

Multiple Choice

Which theories would support a higher minimum wage?

• A) Reinforcement and agency
• B) Goal setting and equity
• C) Maslow and Herzberg's two-factor
• D) Expectancy and agency

---

Definitions:

Loanable Funds

Funds available for borrowing, which consist of household savings and international capital flows.

Compounded Annually

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on an annual basis.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Withdrawals

Money or resources taken out from a system, economy, or savings for various purposes, reducing the total available amount.