Examlex
What pH would typically be expected of natural rain in eastern Canada?
Efficiency Wages
Wages that are deliberately set above the market equilibrium level by employers to increase productivity and efficiency among employees.
Below-equilibrium
A situation where the quantity demanded exceeds the quantity supplied at a given price.
Principal-agent Problem
A dilemma in which one party (the agent) is expected to act in the best interest of another party (the principal) but may have the incentive to act in their own interest instead.
Shirking
The behavior of avoiding or evading work responsibilities, often in employment settings.
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