Home
About
Services
Personal Assignment Help
Solutions
Contact
Login
If you appreciate our work, consider supporting us:
QUESTION:
Which of the following statements about efficiency wage theory is true?
a. Paying the lowest possible wage is always the most efficient (profitable).
b. Paying above the competitive equilibrium wage may improve worker health, lower worker turnover, improve worker quality, increase worker effort, and increase worker morale.
c. Paying above the competitive equilibrium wage tends to cause workers to shirk their responsibilities.
d. Firms do not have a choice about whether they pay efficiency wages or not because these wages are determined by law.
ANSWER:
Back to Questions
