An efficiency wage is designed to ________ work effort and to ________ labor turnover
A) increase; raise
B) decrease; raise
C) not change; decrease
D) increase; lower
E) decrease; lower
D
You might also like to view...
Explain how the Fed intervenes in the foreign exchange market and what the effects are of the Fed's actions
What will be an ideal response?
The Taylor rule
A) is a rule stating that money should grow at a constant rate. B) is not considered to be a practical policy rule for central banks to follow. C) dictates that the central bank's target interest rate be responsive to real economic activity and to inflation. D) dictates that the nominal interest rate stay constant in the long run.
If an infant industry truly has a good chance to become competitive and produce profitably once it is well established, it is not at all clear that government should even offer protection to reduce short-run losses
a. True b. False Indicate whether the statement is true or false
If public goods were marketed like private goods, then
A. Public goods would be overproduced. B. The economy would be outside the production possibilities curve. C. The optimal mix of output would occur at the market equilibrium. D. There would be market failure.