Which of the Following Statements Is True of Efficiency Wages

question 39

Multiple Choice

Which of the following statements is true of efficiency wages?

• A) They lead to a decrease in the average market wage rate.
• B) They are offered to attract the best employees.
• C) They are higher for jobs with low demand.
• D) They result in an increase in employee turnover.

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Definitions:

Personality Traits

Persistent traits or inclinations that affect a person's actions in various contexts.

Conscientiousness

A characteristic of being reliable, dependable, and having a deep commitment to responsibility.

Big Five

A psychological framework that explains human personality via five wide-ranging traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Psychology

A branch of psychology that studies personality and its variation among individuals, including traits, behaviors, and patterns of thinking.