Multiple Choice
Caroline is the owner of a hair-styling salon and spa.She decides to raise the wages of her workers even though she faces an excess supply of labor.Her decision
A) might increase profits if it attracts a better pool of workers to apply for jobs at her salon.
B) will increase the excess supply of labor.
C) may increase the quality of her work force.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Efficiency wages create a labor<br>A)surplus and so
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
Q5: Minimum-wage laws and unions are similar to
Q6: Job search<br>A)and firms paying wages above equilibrium
Q7: Efficiency wages create a<br>A)shortage of labor and
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
Q309: Efficiency wages<br>A)increase productivity and reduce unemployment.<br>B)increase productivity