The wage a person requires before accepting a job is referred to as the ________ wage.
A)compensating
B)minimum
C)reservation
D)psychological

Name: The wage a person requires before accepting a job is referred to as the ________ wage. A)compensating B)minimum C)reservation D)psychological
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

The reservation wage is the lowest wage rate at which a worker would be willing to accept a particular type of job. It reflects the minimum wage an individual requires before they are willing to accept a job offer.

The Wage a Person Requires Before Accepting a Job Is