What is a reservation wage?
A) It is the highest wage that an unemployed worker would accept, if it were offered.
B) It is the lowest wage that an unemployed worker would accept, if it were offered.
C) It is the highest wage that an employer will offer a potential worker if there are many candidates vying for the job.
D) It is the lowest wage that an unemployed worker would accept, excluding any non-pecuniary benefits.
Correct Answer:
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