An Efficiency Wage

question 109

Multiple Choice

An efficiency wage

• A)gives an employee an incentive to shirk his duties.
• B)is lower than the equilibrium wage for that position and region.
• C)is higher than the equilibrium wage for that position and region.
• D)both a and b are correct.

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Definitions:

Sensitivity

The ability of a test to correctly identify those with the disease (true positive rate) or, in other contexts, the quality of being easily affected by external stimuli or emotions.

Diarrhea

A condition characterized by the frequent passing of loose or watery stools, often a symptom of infection or food intolerance.

Unformed Wastes

substances expelled from the body that have not been fully digested or absorbed, commonly referring to feces.

Jaundice

A medical condition characterized by yellowing of the skin and eyes due to elevated levels of bilirubin in the blood.