Efficiency wages do not lead to:
A. structural unemployment.
B. wages above their equilibrium level.
C. lower firm profits.
D. increased worker productivity.
Ans: C. lower firm profits.
Economics
You might also like to view...
When tax revenues exceed government spending for any year, there is for that year
a. a budget deficit b. a budget surplus c. a balanced budget d. a positive tax multiplier e. inflation
Economics
The Securities and Exchange Commission and the Federal Aviation Administration are examples of agencies engaged in
A) the regulation of natural monopolies. B) the regulation of nonmonopolistic industries. C) social regulation. D) health and safety regulation.
Economics