Multiple Choice
Which of the following is the effect of anything that makes the efficiency wage rise relative to the market-clearing wage on the quantities of labour demanded and supplied?
A) It increases both the quantity demanded and the quantity supplied of labour.
B) It decreases both the quantity demanded and the quantity supplied of labour.
C) It increases the quantity demanded and decreases the quantity supplied of labour.
D) It decreases the quantity demanded and increases the quantity supplied of labour.
Correct Answer:
Verified
Correct Answer:
Verified
Q88: (Challenging) Draw a firm's labour demand curve
Q89: Since 1951, which of the following has
Q90: According to most economists, which of the
Q91: Sally is on a temporary layoff from
Q92: In one year you meet 45 people
Q94: Which of the following will an efficient
Q95: Which of the following people would be
Q96: Is the reported unemployment rate statistic, as
Q112: Consider these facts: (1) Some people who
Q345: If the wage is kept above the