An efficiency wage is:
A. a below-market wage.
B. an above-market wage.
C. a "wage" that contains a profit-sharing component.
D. a wage that is free to rise or fall from day to day, depending on labor supply and demand.
B. an above-market wage.
You might also like to view...
A period in which the economy is growing at a rate significantly above normal is called a(n):
A. depression. B. recession. C. expansion. D. peak.
People who run their own businesses
A) can keep their labor costs down by not hiring any employees. B) have lower labor costs if they dislike working for anyone else than if they don't mind working for others. C) have no labor costs unless the business is incorporated. D) have the same labor costs as people who hire employees to run their businesses.
The Foreign Corrupt Practice Act (FCPA) is a ________ anti-corruption law that prohibits the bribery of ________.
A) United Kingdom; foreign officials B) United Kingdom; foreign officials and private citizens C) United States; foreign officials D) United States; foreign officials and private citizens
In making decisions about insurance, a crucial piece of information to know is:
A. how likely is the event you're insuring against. B. how easily you can reduce the risk of experiencing the event you're insuring against. C. when the event you're insuring against is most likely to occur. D. how many others will likely be affected by the event you're insuring against.