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:

Agreeableness

Agreeableness is a personality trait characterized by warmth, kindness, and a tendency to cooperate and seek social harmony.

Extraversion

A personality trait characterized by outgoing, sociable, and energetic behavior.

Self-Esteem

An individual's overall subjective emotional evaluation of their own worth or personal value.

Narcissism

A personality trait involving excessive preoccupation with oneself, a need for admiration, and a lack of empathy for others.