________ wages are higher than equilibrium wages,offered to increase worker productivity.

Name: ________ wages are higher than equilibrium wages,offered to increase worker productivity.
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Question

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Efficiency wages are higher than equilibrium wages and are offered by employers to increase worker productivity. This concept is based on the idea that paying workers more will motivate them to work harder, reduce turnover, and attract more qualified candidates.

________ Wages Are Higher Than Equilibrium Wages,offered to Increase Worker