MCQOPTIONS
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| 1. |
Which of the following statements about efficiency wage theory is true ? |
| A. | Paying above the competitive equilibrium wage tends to cause workers to shirk their responsibilities |
| B. | Firms do not have a choice about whether they pay efficiency wages or not because these wages are determined by law |
| C. | Paying the lowest possible wage is always the most efficient (Profitable) |
| D. | Paying above the competitive equilibrium wage may improve worker health lower worker turnover improve worker quality and increase worker effort |
| Answer» E. | |