Which of the following efficiency wage models centers on the morale of a firm's workers? The

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The gift exchange model centers on the morale of a firm's workers. This model suggests that workers who feel appreciated and valued by their employers are more motivated to work hard and be productive, ultimately leading to increased efficiency and higher wages. The other models (shirking and turnover) focus on different factors such as monitoring and job search costs, respectively.

Which of the Following Efficiency Wage Models Centers on the Morale