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:

12-Step Philosophy

A set of guiding principles for recovery from addiction, compulsion, or other behavioral problems, originally developed by Alcoholics Anonymous (AA).

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Biotransformation

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A neurological disorder affecting the frontal lobes of the brain, leading to issues with emotional control, decision-making, and executive functions.