If All Employers Pay an Efficiency Wage,then Which of the Following

question 12

Multiple Choice

If all employers pay an efficiency wage,then which of the following will increase the unemployment rate,other things the same?

• A) It becomes less costly to monitor worker productivity.
• B) Due to a mistake, firms reduce their wages.
• C) The cost to the firm of workers shirking goes up.
• D) Workers put a lower value on shirking.

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Definitions:

Setting Priorities

The process of determining the importance of tasks or goals to establish an order for their attention or execution.

Effectiveness

The degree to which something is successful in producing a desired or intended result.

Communication Transparency

The practice of openly sharing information, plans, and processes with stakeholders to foster trust and collaboration.

Information Filtering

The process of selecting or distinguishing relevant information from a larger dataset or flow.