Which of the Following Is NOT a Reason Why Firms

question 119

Multiple Choice

Which of the following is NOT a reason why firms pay efficiency wages?

• A)to reduce turnovers
• B)to abide by minimum wage laws
• C)to improve morale
• D)to reduce shirking of work

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Definitions:

Exports

Goods or services produced in one country and sold to buyers in another country, contributing to the exporting country's gross domestic product.

Imports

Goods and services brought into a country from abroad for sale.

Gross Domestic Product

Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, a primary indicator of economic health.

Sale Price

The actual price at which an item or service is sold to the consumer, often reduced from its original or list price.