Which of the following statements concerning efficiency wages is false?
A) Efficiency wage premiums are obtained through union power.
B) The efficiency wage is greater than the competitive, market clearing wage.
C) An efficiency wage is designed to incite more efficient labour from the worker.
D) Efficiency wage premiums are paid voluntarily by employers without pressure from the workers.
E) Efficiency wages are sometimes used to support industrial policies
Correct Answer:
Verified
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