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What Is A Valid Consideration For Determining Fair Wage

Question

1. Risks are sometimes unavoidable and acceptable, as long as

a. employees are not coerced

b. employees are fully compensated for assuming them and they do so freely and knowingly

c. no one else has the expertise to do the work

d. all of the above

 

2. Which of the following is a valid consideration for determining a fair wage?

a. the firm's profits

b. previous wage of the applicant

c. gender of the applicant

d. the nationality of the applicant

 

Summary

These multiple choice questions belong to Economics. The 1st question discusses about risks sometimes being unavoidable and the 2nd question discusses about a valid consideration for determining fair wage.

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