Sometimes wages are set above the equilibrium level when firms pay
a. workers with more seniority higher wages than newly-hired workers.
b. efficiency wages to reduce turnover.
c. compensating differentials to workers who work the night shift.
d. more attractive salespeople higher wages than less attractive salespeople.
b
Economics
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Refer to Figure 10.1. If Daisy contributes to the lighting, Luke should
A) contribute if Bo contributes. B) not contribute only if Bo does not contribute. C) contribute if Bo does not contribute. D) not contribute regardless of what Bo decides to do.
Economics
Government actions can cause a
A) shift in the supply curve. B) shift in the demand curve. C) reaction from firms in other countries. D) All of the above.
Economics