The efficiency wage model contains the assumption that labor productivity __________ the wage rate, so that a firm maximizing its profits __________ pay workers an above-market wage rate
A) is independent of; may
B) is independent of; will never
C) depends on; may
D) depends on; will never
C
Economics
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From a normative perspective, the role of the budgeting process is to allocate scarce resources to their most highly valued uses
a. True b. False
Economics
Which of the following is not an example of a "workfare" component in a welfare program?
a. job skill training b. required job searches c. tougher child support laws d. required work in paid or unpaid jobs e. required participation in training programs
Economics