An efficiency wage is designed to
A) keep the minimum wage from falling.
B) keep the minimum wage from rising.
C) to induce more employment.
D) decrease the need for workers to search for jobs.
E) induce more work effort.
E
You might also like to view...
In a two-person repeated game, a tit-for-tat strategy refers to
a. Where each player pursues his or her own self-interest without any cooperation b. Where players start off as non-cooperative and then cooperate when one or both players show interest in colluding c. Where players start off by cooperating and then mimic the other player's last move d. Players cooperating throughout with no defection
Which of the following refers to efforts by businesses that focus on improvements in production technologies for existing products and on new production technologies for new or improved products?
A. Import competition B. Diffusion C. Research and development D. Balanced growth