Multiple Choice
An efficiency wage
A) is higher than the market wage and tends to increase productivity.
B) is lower than the market wage and tends to increase productivity.
C) is higher than the market wage and tends to decrease productivity.
D) is lower than the market wage and tends to decrease productivity.
E) is lower than the market wage and tends to increase unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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