Refer to Table 9-16. Looking at the table above, real wages ________ from 2014 to 2015, and real wages ________ from 2015 to 2016

A) fell; fell B) fell; rose C) rose; fell D) rose; rose

B

Economics

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Firms pay efficiency wages because these wages:

A. increase worker productivity. B. maximize short-run profits. C. increase worker rivalry. D. minimize short-run costs.

Economics

Incentives are an important aspect to determine whether multiple tasks should be combined into one job or not. How can monetary incentives help and/or hinder the process of getting a job done, particularly if it is made up of several tasks?

What will be an ideal response?

Economics