Efficiency Wages Are

question 101

Multiple Choice

Efficiency wages are:

• A) deliberately set above the market rate to increase productivity.
• B) not a cause of unemployment.
• C) generally a disincentive for employees to work hard to try to keep their jobs.
• D) deliberately set at the equilibrium wage rate when legislation sets the minimum wage too high.

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Definitions:

Synapse

The junction between neurons where chemical signals are transmitted across the gap from one neuron to another.

Sending Neuron

The neuron that transmits a nerve impulse across a synapse to a receiving neuron by releasing neurotransmitters.

Receiving Neuron

A neuron that receives signals from other neurons at a synapse.

Refractory Period

The period of time during which an organ or cell is incapable of repeating a particular action, or the amount of time it takes to return to its original state.