Which of the Following Is an Example of an Efficiency

question 41

Multiple Choice

Which of the following is an example of an efficiency wage?

• A)a high wage paid to compensate for dangerous work such as coal mining
• B)an above-equilibrium wage offered by a firm to attract a more talented pool of job applicants
• C)a wage below the minimum wage but supplemented by customer tips
• D)a high wage paid to a college graduate for a high-skill job such as electrical engineering

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Definitions:

Triarchic Theory

A theory of intelligence that posits three aspects of intelligent behavior: analytical, creative, and practical intelligence, as formulated by psychologist Robert J. Sternberg.

Analytical Intelligence

The aspect of intelligence that involves the ability to analyze, evaluate, judge, compare, and contrast.

Architect

A professional who designs buildings and in many cases also supervises their construction.

Multiple Intelligences

A theory by Howard Gardner suggesting individuals possess various forms of intelligence, including linguistic, logical-mathematical, musical, spatial, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.