The probability of accepting the next wage offer is:
A)higher,the higher is the acceptance wage
B)lower,the lower is the acceptance wage
C)lower,the higher is the acceptance wage
D)higher,the higher is unemployment compensation

Question

Quizplus · Accepted Answer

The higher the acceptance wage, the lower the probability of accepting the next wage offer. This is because as the acceptance wage increases, the worker becomes more selective in their job search, and may reject offers that do not meet their expectations.

The Probability of Accepting the Next Wage Offer Is