Workers in the private sector should not be paid more than those in the public sector because of productivity considerations
A) Since it is difficult to measure performance in the public sector
B) Since otherwise it will be difficult to recruit in the public sector
C) Private sector workers have more capital to work with
D) It is necessary for there to be a 'going rate' of pay to avoid distortionary output losses.
Correct Answer:
Verified
Q2: The optimal length of workweek occurs when
A)
Q3: A principal-agent problem arises when
A) It is
Q4: Piece rates will be preferred to time
Q5: Piece work will maximise incentives
A) If it
Q6: Tournament theory is based on the proposition
Q7: Labour managed firms
A) Will attempt to maximise
Q8: Profit sharing can
A) Guarantee workers against income
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