Which of the Following Is NOT an Example of an Efficiency

question 16

Multiple Choice

Which of the following is NOT an example of an efficiency wage?

• A) A firm paying a higher wage has less turnover costs.
• B) A firm paying a higher wage has less supervision costs.
• C) A firm paying a higher wage employs more educated workers.
• D) A firm paying a higher wage gets more effort from its workers.

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Definitions:

Dust Bowl

A period in the 1930s characterized by severe dust storms, causing significant ecological and agricultural damage to American and Canadian prairie lands.

The Grapes of Wrath

A novel by John Steinbeck, published in 1939, that explores the hardships and injustices faced by migrant farm workers during the Great Depression in America.

Rust Belt

A region in the northeastern and midwestern US characterized by declining industry, aging factories, and a decreasing population, historically known for its steel production and heavy manufacturing.

Federal Budget Deficit

The deficit occurring when government spending surpasses income within a specific budget year.