The reservation wage is

A) the wage that an employer must pay workers to reduce turnover to a reasonable level.
B) the wage that ensures a laid-off individual will wait for re-hire, rather than find another job.
C) the lowest wage firms are allowed by law to pay workers.
D) the wage offer that will end a labor-strike.
E) none of the above

E

Economics

You might also like to view...

Because employment actually continued to fall at the beginning of the recoveries that began in 1991, 2001, and 2009, these recoveries have come to be known as

A) pseudo recoveries. B) non-recoveries. C) double-dip recoveries. D) jobless recoveries.

Economics

If the marginal tax rate equals the average tax rate, the tax would be

A. proportional. B. regressive. C. progressive. D. uniform.

Economics