Why Would a Firm Elect to Pay the Efficiency Wage

question 72

Multiple Choice

Why would a firm elect to pay the efficiency wage?

• A)To reduce job turnover
• B)All of these
• C)They are required to do so by law.
• D)Firms have an incentive to pay the lowest wage possible.
• E)This is the only wage people are willing to work for.

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Definitions:

Swift Meat Company

A historic American corporation involved in the meat packing industry, now part of JBS S.A.

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College Students

Individuals enrolled in institutions of higher education to pursue degrees or certifications.