A worker's "real" wage is related to:
A)his productivity in the workplace.
B)the value of his production to his employer.
C)the nation's absolute advantage in production of that product.
D)his productivity in the workplace, the value of his production to his employer, and the nation's absolute advantage in production of that
Product.

Question

Quizplus · Accepted Answer

A worker's "real" wage is a function of both his productive output in the workplace (which influences the value of his production to his employer) and the overall labor market conditions in his country (such as the nation's absolute advantage in production of that product). Therefore, all three factors- worker productivity, production value, and national competitiveness- must be taken into account to understand a worker's "real" wage.

A Worker's "Real" Wage Is Related To