The idea of paying workers an efficiency wage is that
a. employers will find it profitable to hire more workers.
b. workers receive wages consistent with their specific compensating differentials.
c. workers and management gain at the expense of the stockholders of the company.
d. workers have the incentive to work harder, thus increasing their marginal productivity.
d
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The health care system in ________ is referred to as a single-payer health care system, and is a system in which the government provides national health insurance to all residents
A) Canada B) Japan C) the United Kingdom D) the United States
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and real GDP in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and real GDP falls. b. The quantity of real loanable funds per time period and real GDP remain the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period rises, and real GDP remains the same. e. The quantity of real loanable funds per time period rises, and real GDP rises.
A payroll tax is a
a. fixed number of dollars that every firm must pay to the government for each worker that the firm hires. b. tax that each firm must pay to the government before the firm can hire workers and operate its business. c. tax on the wages that firms pay their workers. d. tax on all wages above the minimum wage.
Social Security payments:
A. cause concern for retirees, due to the increase in life expectancies. B. continue to cause the elderly to lose income over time, since payments are not adjusted for inflation. C. hold their real value because they are adjusted for inflation. D. are the biggest drain on the retirees' budget each year.