Sometimes Wages Are Set Above the Equilibrium Level When Firms

question 222

Multiple Choice

Sometimes wages are set above the equilibrium level when firms pay

• A)workers with more seniority higher wages than newly hired workers.
• B)efficiency wages to reduce turnover.
• C)compensating differentials to workers who work the night shift.
• D)more attractive salespeople higher wages than less attractive salespeople.

---

Definitions:

Diethylamine

An organic compound, a secondary amine with the formula (C2H5)2NH, widely used as a building block in organic synthesis.

Pentanal

A five-carbon straight-chain aldehyde with the formula C5H10O, characterized by having a terminal carbonyl group.

Ethylamine

A simple organic compound (C2H5NH2) characterized by an ethyl group attached to an amine group, used in chemical synthesis.

Acid Catalysis

A process where an acid is used to accelerate a chemical reaction, often by increasing the concentration of hydrogen ions in the reaction environment.