Which of the Following Is Not an Example of Efficiency

question 106

Multiple Choice

Which of the following is not an example of efficiency wages?

• A)More productive workers are paid more to reflect their higher output.
• B)Higher wages induce higher output from workers.
• C)Better quality applicants apply for jobs that pay above-equilibrium wages.
• D)Workers are less likely to leave jobs that pay above-equilibrium wages.

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Definitions:

Chebysheff's Theorem

A theorem that provides a minimum proportion of observations that lie within a specified number of standard deviations from the mean, applicable to all distributions.

Standard Deviations

A measure that indicates the amount of variation or dispersion from the average in a set of data.

Geometric Mean

The nth root of the product of n numbers, used especially for sets of positive numbers.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.