Ask Question
4 June, 11:36

The asking wage is also known as the "reservation wage" - or the wage rate at which unionized workers are able to find gainful employment in a competitive labor market.

A. TRUE

B. FALSE

+4
Answers (1)
  1. 4 June, 12:14
    0
    B) FALSE

    Explanation:

    The reservation wage is the lowest wage at which an individual would accept to do a specific type of job.

    While the asking wage is the wage level at which an individual will accept or reject any job offer.

    The main difference between a reservation wage and an asking wage is that the reservation wage may vary depending on how much an individual likes or dislikes a certain job. For example, if a person dislikes working at night shifts, then the reservation wage for jobs requiring night shifts will be higher than jobs done during regular working hours.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The asking wage is also known as the "reservation wage" - or the wage rate at which unionized workers are able to find gainful employment ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers