Question

Drag each label to the correct location on the chart. Match each scenario with the method used to determine the wage: Productivity, Market value, Based on minimum wage.

a) Scenario matching method with Productivity
b) Scenario matching method with Market value
c) Scenario matching method with Based on minimum wage

Answer 1

The three methods used to determine wages are productivity, market value, and based on minimum wage.

Step-by-step explanation:

In determining wages, there are three methods commonly used: productivity, market value, and based on minimum wage. Now let's match each scenario with the corresponding method:

1. Scenario 1: Based on the productivity of the worker. Here, the wage is determined based on how much output the worker produces.
2. Scenario 2: Based on the market value of the worker's skills and qualifications. The wage is determined by considering the demand and supply of labor in the market.
3. Scenario 3: Based on the minimum wage set by the government. The wage is determined by the legal minimum that employers must pay.