Efficiency wages are:
A) wages deliberately set above the market rate in order to increase productivity.
B) not a cause of unemployment.
C) generally a disincentive for an employee to work hard to try to keep their job.
D) All of these are true.
Correct Answer:
Verified
Q108: If the minimum wage is set at
Q109: Labor unions are groups of:
A) employees who
Q110: The number of U.S. workers in unions
Q111: What does the existence of labor unions
Q112: The amount of unemployment caused by efficiency
Q114: The role of unions is:
A) unnecessary if
Q115: Employers choose to offer efficiency wages because:
A)
Q116: If minimum wage legislation does cause unemployment,
Q117: The employer who has the most unionized
Q118: If minimum wage legislation does not cause
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