Sometimes Wages Are Set Above the Equilibrium Level When Firms

question 222

Multiple Choice

Sometimes wages are set above the equilibrium level when firms pay

• A)workers with more seniority higher wages than newly hired workers.
• B)efficiency wages to reduce turnover.
• C)compensating differentials to workers who work the night shift.
• D)more attractive salespeople higher wages than less attractive salespeople.

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Definitions:

Biological Predisposed

Refers to a natural inclination or tendency in individuals to develop certain characteristics or disorders based on genetic factors.

Survival Associations

Connections or relationships built on the necessity to support life or existence under challenging conditions.

Taste Aversion

A learned aversion or negative reaction to a particular taste after a bad experience, such as illness, associated with that flavor.

Taste Aversion

A learned aversion to eating a particular food, developed after it has been associated with an unpleasant reaction.