Which of the following is not a reason why firms pay efficiency wages?
A. to reduce turnovers
B. to abide by minimum wage laws
C. to reduce shirking of work
D. to improve morale
Answer: B
You might also like to view...
Fiat money is:
A. any form of money that can be legally exchanged into a fixed amount of an underlying commodity. B. money created by rule. C. money used for the exchange of large commodities. D. any form of money that is more readily accepted than commodity-backed money.
The goal of rent control is to
a. facilitate controlled economic experiments in urban areas. b. help landlords by assuring them a low vacancy rate for their apartments. c. help the poor by assuring them an adequate supply of apartments. d. help the poor by making housing more affordable.
In utilizing unconventional monetary policy in 2010, the Federal Reserve purchased
A. real estate worth more than $2 trillion. B. $800 billion in Treasury bills. C. over $1 trillion in mortgage backed securities. D. $600 billion in long-term Treasury bonds.
In the above table, the cross price elasticity of demand for good A with good B when PB falls from $20 to $18 is
A. 0. B. -1. C. +1. D. -2.