All else equal,the acceptance wage:
A)is lower for union workers than nonunion workers
B)is lower for African American youths than for white youths
C)falls when unemployment benefits expire
D)falls with increased education

Question

Quizplus · Accepted Answer

The acceptance wage is the lowest wage rate at which a worker is willing to work. When unemployment benefits expire, individuals may be more willing to accept lower wages in order to avoid being without income. Therefore, the acceptance wage falls when unemployment benefits expire.

All Else Equal,the Acceptance Wage