What is the main concept behind the theory of efficiency wages?

LECTURE 5 - UNEMPLOYMENT QUIZ

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English
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University
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Hard
Đỗ Trúc
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Firms pay wages that are below equilibrium to cut costs.
Firms voluntarily pay above-equilibrium wages to boost worker productivity.
Firms pay wages at equilibrium to maintain a balanced workforce.
Firms randomly decide on wage levels without considering productivity.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the reasons firms might pay efficiency wages?
Worker health
Worker turnover
Worker bonus
Worker effort
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best summarises the relationship between efficiency wages and worker turnover?
Paying higher wages leads to lower worker turnover.
Paying higher wages leads to higher worker turnover.
Paying efficiency wages has no impact on worker turnover.
Worker turnover decreases when efficiency wages are coupled with additional benefits.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which agency calculates the unemployment rate in the United States?
Bureau of Labor Statistics
Department of Labor
Census Bureau
Office of Management and Budget
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The labor force participation rate identifies:
The number of unemployed
The number of employed
The percentage of the adult population in the labor force
The number of retired
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the another name for Frictional Employment?
Natural Unemployment
Structural Unemployment
Positive Unemployment
Frequency Unemployment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not the way an economy can prioritise overcoming structural unemployment?
Continually develop professional skills.
Research market trends
Build professional network
Seeking training and education
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