Which of the following would both make a worker's wage higher than otherwise?
a. the work is safe, the employer pays an efficiency wage
b. the work is safe, the employer does not pay an efficiency wage
c. the work is dangerous, the employer pays an efficiency wage
d. the work is dangerous, the employer does not pay and efficiency wage
c
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Refer to Figure 9.1. If the government establishes a price ceiling of $20, the resulting deadweight loss will be
A) $0. B) $20. C) $30. D) $300. E) $600.
The primary economic cost of the Social Security program is the financial cost of administering the program.
Answer the following statement true (T) or false (F)
The debts one owes are called:
A. liability. B. capital loss. C. asset. D. investment.
Central bank credibility may be established by ________
A) the appointment of individuals to the Fed with a strong aversion to inflation B) quicker responses to negative aggregate supply shocks C) greater coordination between monetary and fiscal policy D) the appointment of central bankers who are hawkish on defense