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.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.

Respuesta :

The false statement is letter C. The quality of a good determines wages.

What determines wages?

Workers' wages are determined based on several factors, such as the salary cap provided for by legislation, their hierarchical position, the working day and the requirements required in a vacancy, such as level of education and experience.

Therefore, the quality of a good is predicted to determine the demand for the good, but not the wage.

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