Which of the Following Explanations Argues That, in Order to Prevent

question 208

Multiple Choice

Which of the following explanations argues that, in order to prevent shirking and lower job turnovers, the real wage will be purposely kept above the equilibrium wage resulting in unemployment?

• A) The efficiency-wage explanation
• B) The job-search explanation
• C) The insider-outsider explanation
• D) The minimum-wage explanation

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Definitions:

Major Organization

A large and influential company or institution that plays a significant role in its industry or sector.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

Wheel of Innovation

A conceptual model illustrating the process of innovation in stages, from idea creation to implementation and diffusion.

Scaling

The process of adjusting or adapting the size, scope, or capabilities of something to accommodate different levels of demand or operational requirements.