Efficiency wages are
A) the result of demographic change.
B) set below the equilibrium level of the real wage.
C) offered by firms who want to reduce turnover in the labor force.
D) special wages offered to teenagers.
E) mandated by law.
C
Economics
You might also like to view...
In the simple Keynesian model, equilibrium aggregate output is determined by
A) aggregate demand. B) aggregate supply. C) the national demand for labor. D) the price level.
Economics
If the price elasticity of demand for football tickets is 4.5, then a 10 percent increase in the price of football tickets will generate a
a. 4.5 percent decrease in quantity demanded b. 4.5 percent increase in quantity demanded c. 45 percent decrease in quantity demanded d. 45 percent increase in quantity demanded e. 450 percent increase in quantity demanded
Economics