An Efficiency Wage

question 109

Multiple Choice

An efficiency wage

• A)gives an employee an incentive to shirk his duties.
• B)is lower than the equilibrium wage for that position and region.
• C)is higher than the equilibrium wage for that position and region.
• D)both a and b are correct.

---

Definitions:

Adapters

Individuals or devices that modify or adjust to different situations or environments for the purpose of compatibility or efficiency.

Nonverbal Cues

Communication methods other than spoken or written words, such as gestures, facial expressions, and body language, providing additional context or meaning.

Low-context Cultures

Cultural groups where communication is explicit, messages are direct, and understanding is based more on explicit content rather than context or non-verbal cues.

Nonverbal Signals

Communication methods that do not involve speech, such as gestures, facial expressions, and body language, which convey messages or emotions.