Multiple Choice
Which statement by an employer is consistent with the efficiency wage theory?
A) "I pay more than the going rate so that my employees work hard."
B) "I pay only enough to attract workers who are at the bottom of the pay scale."
C) "I love it when unemployment goes up because that drives down my wage costs."
D) "Workers can always find jobs,if only they lower their expectations."
E) "Unions have only their current members' interests at heart."
Correct Answer:

Verified
Correct Answer:
Verified
Q48: The table below provides hypothetical unemployment,employment,and labour
Q49: The labour market in the diagram below
Q50: The table below shows the percentage of
Q51: Which of the following would be the
Q52: Some economists argue that increases in labour-force
Q54: As Canada continues to become more integrated
Q55: The main difference between market-clearing and non-market-clearing
Q56: Which of the following best explains why
Q57: Other things being equal,many economists believe that
Q58: Suppose that next year 300 000 existing