Efficiency wages,minimum-wage laws,and unions all keep wages
A) below the equilibrium level,causing a shortage of labor.
B) below the equilibrium level,causing a surplus of labor.
C) above the equilibrium level,causing a shortage of labor.
D) above the equilibrium level,causing a surplus of labor.
Correct Answer:
Verified
Q21: Ariana is the CEO of a corporation
Q22: Which of the following is not a
Q23: Minimum-wage laws,unions,and efficiency wages contribute to
A)both structural
Q24: Three employers have justified their actions as
Q26: If there were no factors keeping wages
Q27: Minimum-wage laws
A)create frictional unemployment,while firms paying wages
Q28: Rafael is the newly-appointed plant manager for
Q29: Which of the following is not a
Q30: Sectoral changes in demand
A)create frictional unemployment,while firms
Q351: Efficiency wages
A)increase productivity and reduce unemployment.
B)increase productivity
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