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Which of the following statements is true regarding the judgments about correlation and causality bias?
Worker Health
Refers to the physical and mental well-being of employees in their workplace, significantly impacting productivity and satisfaction.
Efficiency Wages
Wages that are deliberately set above the market equilibrium to increase productivity, reduce turnover, or improve the quality of applicants.
Labor Surplus
A situation in the labor market where the supply of labor exceeds the demand for labor, often leading to unemployment.
Structural Unemployment
An unemployment scenario where there's an incongruence between the skillsets provided by the labor market and those needed by employers.
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