Which of the Following Both Make a Firm More Likely

question 353

Multiple Choice

Which of the following both make a firm more likely to pay efficiency wages?

• A)it is easy to judge the quality of applicants and after workers have worked for the firm a while they tend not to look for other jobs
• B)it is easy to judge the quality of applicants and after workers have worked for the firm a while they tend to look for other jobs
• C)it is difficult to judge the quality of applicants and after workers have worked for the firm a while they tend not to look for other jobs
• D)it is difficult to judge the quality of applicants and after workers have worked for the firm a while they tend to look for other jobs

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Definitions:

Purchasing Power

The ability of an individual or group to buy goods or services, often relative to the amount of money they have.

Deflation

A decrease in the general price level of goods and services, often indicating reduced consumer demand or increased supply.

International Trade Agreements

Treaties between two or more nations that outline the rules and regulations for trade between them, facilitating smoother and increased trade.

Monetary Unions

Monetary unions are agreements between two or more states to share a common currency and monetary policy, aimed at facilitating economic stability and integration, such as the European Monetary Union.