According to the Theory of Efficiency Wages, It May Be

question 143

True/False

According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor.

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Definitions:

Energy-Storage System

Technologies used for storing energy generated at one time for use at a later time, essential for balancing energy demand and supply.

Electric Cars

Vehicles powered entirely or partially by electricity, offering an alternative to traditional gasoline or diesel engines.

Space Heat

The provision of warmth to indoor spaces, primarily for comfort.

Propane

A flammable hydrocarbon gas used as fuel in heating appliances, cooking equipment, and as a fuel for engines.