It is generally more profitable for a firm to pay workers more than the going wage rate:
A) in sectors where skills are scarce.
B) in industries in which worker motivation doesn't really matter.
C) in areas for which turnover is not very costly.
D) in cities where there is a surplus of labor.
Correct Answer:
Verified
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A) by the government
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A) a contract
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A) increasing
Q109: Unemployment caused by efficiency wages:
A) is minimal.
B)
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A) lead to
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A) often more extensive in
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