which statement is false?\na. a society accepts minimum wage laws as a method of determining wages.\nb. the…

which statement is false?\na. a society accepts minimum wage laws as a method of determining wages.\nb. the market value of a good determines wages.\nc. the quality of a good determines wages.\nd. employee productivity determines wages.\ne. the price floor determines the minimum wage.

which statement is false?\na. a society accepts minimum wage laws as a method of determining wages.\nb. the market value of a good determines wages.\nc. the quality of a good determines wages.\nd. employee productivity determines wages.\ne. the price floor determines the minimum wage.

Answer

Brief Explanations:

Wages are determined by a variety of factors such as labor - market conditions, employee productivity, and minimum - wage laws (which are a type of price floor). The quality of a good is related to its own market value and consumer perception, but it does not directly determine wages. Market value of a good may have an indirect influence on wages through demand for labor in its production, but quality alone does not determine wages.

Answer:

C. The quality of a good determines wages.