Ford Motor Company was one of the first major companies to adopt a wage structure that is comparable to efficiency wages. What was the outcome of Ford's experiment with efficiency wages?
A) Lower labor force turnover
B) Higher labor productivity
C) Less absenteeism
D) all of the above
D
You might also like to view...
From a social standpoint, the immediate effect of discrimination is that society ________ the talents and abilities at its disposal, and this makes everybody ________, on average
A) overuses; richer B) overuses; poorer C) fails to use; richer D) fails to use; poorer
If the Consumer Price Index was 102.2 in 2007 and 104.9 in 2008, we can conclude that
a. the prices of all consumer goods were higher in 2008 than in 2007 b. the prices of all consumer goods were lower in 2008 than in 2007 c. the price level fell from 2007 to 2008 d. the price level rose from 2007 to 2008 e. the base year was 2001
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Why don’t identical shifts in government spending and taxes have the same effect on GDP?
What will be an ideal response?