If you believe that a worker should be paid on the basis of what he or she produced, you believe in

A) the egalitarian principle.
B) the productivity standard.
C) the benefits standard.
D) the comparative worth principle.

Answer: B

Economics

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A price floor set above a market equilibrium price causes

A) a surplus. B) a shortage. C) producers to receive lower prices. D) consumers to pay lower prices.

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All of the following are regulatory agencies EXCEPT

A) the National Rifle Association. B) the Environmental Protection Agency. C) the Food and Drug Administration. D) the Occupational Safety and Health Administration.

Economics