Which of the following is an example of an efficiency wage?
A) a high wage paid to compensate for dangerous work such as coal mining
B) an above-equilibrium wage offered by a firm to attract a more talented pool of job applicants
C) a wage below the minimum wage but supplemented by customer tips
D) a high wage paid to a college graduate for a high-skill job such as electrical engineering
Correct Answer:
Verified
Q13: Susan is a plant manager in charge
Q14: Paying efficiency wages means that wages are
A)above
Q15: Efficiency wages
A)may increase productivity.
B)will increase unemployment.
C)may improve
Q16: Efficiency wages contribute to
A)frictional unemployment and the
Q17: Efficiency wages
A)increase frictional unemployment by keeping wages
Q19: Efficiency-wage theory suggests that paying
A)low wages might
Q21: Ariana is the CEO of a corporation
Q22: Which of the following is not a
Q23: Minimum-wage laws,unions,and efficiency wages contribute to
A)both structural
Q351: Efficiency wages
A)increase productivity and reduce unemployment.
B)increase productivity
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