select the correct answer. which statement is false? a. a society accepts minimum - wage laws as a method of…

select the correct answer. which statement is false? a. a society accepts minimum - wage laws as a method of determining wages. b. the market value of a good determines wages. c. the quality of a good determines wages. d. employee productivity determines wages. e. the price floor determines the minimum wage.

select the correct answer. which statement is false? a. a society accepts minimum - wage laws as a method of determining wages. b. the market value of a good determines wages. c. the quality of a good determines wages. d. employee productivity determines wages. e. the price floor determines the minimum wage.

Answer

Brief Explanations:

Wages are determined by factors like labor - market supply and demand, employee productivity, and minimum - wage laws (price floors). The market value of a good is related to its demand and supply, but the quality of a good itself does not directly determine wages. For example, a high - quality luxury item's production may not necessarily mean high wages for workers making it; it depends on many other economic factors.

Answer:

C. The quality of a good determines wages.