An Efficiency Wage Is a Wage That

question 114

Multiple Choice

An efficiency wage is a wage that:

• A)is deliberately set above the market rate to increase worker productivity.
• B)the government sets deliberately above the market rate to increase equity.
• C)most unionized workers negotiate to get rid of.
• D)None of these statements is true.

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Definitions:

Slowing

The reduction in speed or rate of an activity or process.

Current

A directional movement of water, which can be caused by temperature, salinity differences, wind, or tidal forces in the ocean.

Sediment

Particles or fragments of rocks, minerals, or organic materials that have been transported and deposited by wind, water, or ice.

Standing Body

Refers to a body of water, such as a lake or pond, that is contained in a basin and does not flow like rivers or streams.