Examlex
MATCHING
Match each term with the correct statement below.
-encompasses four editions; each is targeted to different markets with different features
Efficiency Wages
A theory suggesting that employers pay higher than the market-clearing wage to increase worker productivity, loyalty, and satisfaction, thus reducing turnover and shirking.
Equilibrium Level
The state in which market supply and demand balance each other, and, as a result, prices become stable.
Increase Unemployment
Refers to a situation where the number of individuals in a workforce who are without a job, and are actively seeking employment, rises.
Union Bargains
Union bargains involve negotiations between labor unions and employers on employment terms, such as wages, working conditions, and benefits for the workers.
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