According to the Theory of Efficiency Wages, It May Be

question 143

True/False

According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor.

---

Definitions:

Universal Bussing

A policy or system where bus transportation is provided to all people within a certain area, often for free or at a universal rate.

High School System

The educational institutions and organizational structure designed to provide secondary education and prepare students for higher education or the workforce.

School Vouchers

Government-funded scholarships given to parents to pay for their children’s education in a school of choice, rather than the public school to which they are assigned.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture they belong to and the people they interact with.