If Workers Are Paid Efficiency Wages, Why Is There Unemployment

question 32

Essay

If workers are paid efficiency wages, why is there unemployment?

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Definitions:

Molecules

Groups of two or more atoms held together by chemical bonds, representing the smallest fundamental unit of a chemical compound that can take part in a chemical reaction.

Active Site

A specific region of an enzyme (generally near the surface) that accepts one or more substrates and catalyzes a chemical reaction. Compare with allosteric site.

Enzyme Molecule

A biological catalyst that speeds up the rate of chemical reactions in cells without being consumed in the process.

Substrate

A substance on which an enzyme acts; a reactant in an