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What Is the Theory of Efficiency Wages? Provide Two Reasons

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What is the theory of efficiency wages? Provide two reasons that employers might pay efficiency wages.


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Nature Influencing Culture

Refers to how the natural environment and its resources shape the development, practices, and beliefs of societies and cultures.

Enjoyment

A feeling of pleasure and satisfaction derived from engaging in an activity or experiencing something.

Birthday

The anniversary of the day on which a person was born, often celebrated as a special event.

Automatic System

Refers to the fast, involuntary, and unconscious way the brain processes information, often contrasted with deliberate thought.

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