A higher wage could result in a lower labor cost per unit of output than a lower wage if the higher wage:
A. brings forth greater work effort.
B. increases supervision costs.
C. increases job turnover.
D. increases worker absenteeism.
A. brings forth greater work effort.
Economics
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Economists studying the impact of currency unions on trade found currency unions:
A) increased levels of trade by 221%. B) increased levels of trade by 104%. C) increased levels of trade by 38%. D) had no effect on trade levels.
Economics
Describe three ways that private insurance companies deal with the moral hazard problem
What will be an ideal response?
Economics