According to the _____,Workers May Earn a Wage Rate Higher

question 169

Multiple Choice

According to the _____,workers may earn a wage rate higher than the value of their marginal product because it provides an incentive to perform efficiently.

• A)marginal productivity of income distribution theory
• B)efficiency-wage model
• C)diminishing-returns theory
• D)increasing-returns model

---

Definitions:

Cat Food

A formulated pet food specifically designed to meet the dietary needs of cats.

Classical Conditioning

An educational process where two stimuli are consistently coupled together; a reaction initially provoked by the second stimulus is ultimately triggered by just the first stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a reflexive response without the need for prior learning.

Conditioned Response

A learned response to a previously neutral stimulus that has become conditioned through association with an unconditioned stimulus.