Multiple Choice
Efficiency wages create a
A) shortage of labor and so reduce unemployment.
B) shortage of labor and so raise unemployment.
C) surplus of labor and so reduce unemployment.
D) surplus of labor and so raise unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Efficiency wages,minimum-wage laws,and unions all keep wages<br>A)below
Q3: Efficiency wages<br>A)may increase productivity.<br>B)will increase unemployment.<br>C)may improve
Q4: Caroline is the owner of a hair-styling
Q5: Minimum-wage laws and unions are similar to
Q6: Job search<br>A)and firms paying wages above equilibrium
Q8: A firm may pay efficiency wages in
Q9: In which of the following situations should
Q11: Paying efficiency wages means that wages are<br>A)above
Q12: Which of the following is an example
Q309: Efficiency wages<br>A)increase productivity and reduce unemployment.<br>B)increase productivity