Compared to receiving an equilibrium wage,workers who receive efficiency wages are ________ likely to take actions that will get them fired and are ________ likely to switch jobs.

Question

Quizplus · Accepted Answer

Efficiency wages are higher than equilibrium wages, incentivizing workers to perform better and remain with the company, reducing the likelihood of actions that could lead to being fired or switching jobs.

Compared to Receiving an Equilibrium Wage,workers Who Receive Efficiency Wages