Efficiency Wages Create a Labor

question 1

Multiple Choice

Efficiency wages create a labor

• A)surplus and so increase unemployment.
• B)surplus and so decrease unemployment.
• C)shortage and so increase unemployment.
• D)shortage and so decrease unemployment.

---

Definitions:

Gasoline

A flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.

Netherlands

A country located in Northwestern Europe, known for its flat landscape, extensive canal systems, tulip fields, windmills, and cycling routes.

Germany

A country in Central Europe known for its rich history, culture, and contributions to the world in various fields like technology, science, and the arts.

Defense Spending

The amount of financial resources dedicated by a nation to maintaining and enhancing its armed forces or defense capabilities.