The Theory of Efficiency Wages Provides a Possible Explanation as to Why

question 22

Multiple Choice

The theory of efficiency wages provides a possible explanation as to why

• A)workers form unions.
• B)firms should try to reduce surpluses of labor.
• C)firms may be inclined to keep their workers' wages above the equilibrium level.
• D)firms may be inclined to keep their workers' wages below the equilibrium level.

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