The Theory of Efficiency Wages Challenges the Assumption That

question 9

Multiple Choice

The theory of efficiency wages challenges the assumption that

• A)workers are efficient.
• B)workers have an incentive to shirk their responsibilities to their employers.
• C)wages must always adjust to balance labor supply and labor demand.
• D)firms sometimes choose to pay their workers above-equilibrium wages.

Comprehend the process and implications of transferring ownership of checks and other negotiable instruments.

Learn about the legal concept and implications of being a holder in due course.

Understand the warranties and liabilities of endorsers in the transfer of negotiable instruments.

Comprehend the concept of drafts, including sight drafts and bank drafts, and their use in commerce.