An Efficiency Wage Is

question 190

Multiple Choice

An efficiency wage is

• A)a wage payment necessary to compensate workers for risk of injury on the job.
• B)a "wage" that contains a profit-sharing component as well as traditional hourly pay.
• C)an above-market wage that minimizes a firm's labor cost per unit of output.
• D)a wage that automatically rises with the national index of labor productivity.

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Definitions:

Projection

A mechanism of defense in which various forbidden thoughts and impulses are attributed to another person rather than the self.

Unconscious Conflicts

Hidden, internal struggles between desires, impulses, and fears that lie in the unconscious mind, often influencing behavior without conscious awareness.

Defense Against Anxiety

Psychological mechanisms or strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety or to face reality.