Which Statement by an Employer Is Consistent with the Efficiency

question 53

Multiple Choice

Which statement by an employer is consistent with the efficiency wage theory?

• A)"I pay more than the going rate so that my employees work hard."
• B)"I pay only enough to attract workers who are at the bottom of the pay scale."
• C)"I love it when unemployment goes up because that drives down my wage costs."
• D)"Workers can always find jobs,if only they lower their expectations."
• E)"Unions have only their current members' interests at heart."

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Definitions:

Malcolm X

An African American Muslim minister, public speaker, and human rights activist who advocated for the rights of blacks, often by any means necessary.

United Negro Improvement Association (UNIA)

A black nationalist fraternal organization founded by Marcus Garvey, aimed at promoting African American economic independence and fostering a sense of African pride.

NAACP

Stands for the National Association for the Advancement of Colored People, an influential civil rights organization in the United States founded in 1909 to fight prejudice, lynching, and Jim Crow segregation.

Racial Variation

Differences in physical characteristics, cultural practices, or social experiences among various racial groups.