Employers choose to offer efficiency wages because:

A. it has proven to make workers more productive.
B. they give employees an incentive to work hard to keep their jobs.
C. it will reduce turnover, saving the employer time and money to hire and train new workers.
D. All of these are true.

Answer: D

Economics

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If an overvalued currency is allowed to float:

A) its quantity demanded in exchange for the other currency will decrease. B) its quantity supplied in exchange for the other currency will increase. C) its value will depreciate. D) its value will appreciate.

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Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position, Bobby's preference for mayor is

A) Oliver Cousins. B) George Glass. C) Bobby is indifferent between the two candidates. D) Bobby definitely does not like either candidate.

Economics