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Which Set of Circumstances Is Likely to Provide the Best

Question 21

Multiple Choice

Which set of circumstances is likely to provide the best evidence in support of the theory of efficiency wages


A) Workers in the market are unskilled and not represented by a union, and their wage exceeds the equilibrium wage.
B) Workers in the market are highly skilled and not represented by a union, and their wage exceeds the equilibrium wage.
C) Workers in the market are highly skilled and represented by a union, and their wage exceeds the equilibrium wage.
D) Workers in the market are unskilled and represented by a union, and their wage exceeds the equilibrium wage.

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