If All Employers Pay an Efficiency Wage, Then Which of the Following

question 1

Multiple Choice

If all employers pay an efficiency wage, then which of the following will increase the unemployment rate, other things the same?

• A) it becomes less costly to monitor workers productivity
• B) firms due to a mistake reduce their wages
• C) the cost to the firm of workers shirking goes up
• D) workers put a lower value on shirking

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Definitions:

Integrated Marketing Communication

A strategic, collaborative, and promotional business process that uses multiple communication channels to connect with the audience and deliver a consistent message about a brand, product, or service.

Sender

In communication, the individual, group, or entity that initiates a message intended for a receiver, kicking off the communication process.

Receivers

In communication, receivers are the individuals or audience that interpret or decode the message sent by the sender.

Noise

In communication, external or internal factors that interfere with the reception of a message.