(Solution) An efficiency wage Answer is higher than the market wage and tends to increase productivity. is lower than the market wage and tends to increase... > Snapessays.com


(Solution) An efficiency wage Answer is higher than the market wage and tends to increase productivity. is lower than the market wage and tends to increase...


This should be really straight forward, it's all in the fileAn efficiency wage

 

Answer

 

is higher than the market wage

 

and tends to increase

 

productivity.

 

is lower than the market wage

 

and tends to increase

 

productivity.

 

is higher than the market wage

 

and tends to decrease

 

productivity.

 

is lower than the market wage

 

and tends to decrease

 

productivity.

 

1.

 

National income is equal to

 

Answer

 

personal income minus personal taxes.

 

GDP minus depreciation.

 

disposable personal income plus

 

depreciation plus personal taxes.

 

GNP plus depreciation.

 

Why might firms pay wages that are above the

 

equilibrium wage in a market?

 

Answer

 

to increase the productivity of

 

their workers

 

to reduce the unemployment rate

 

to encourage workers to form

 

labor unions

 

to reduce proFt

 

Which of the following is a true statement about the impact of World War II on the U.S.

 

economy?

 

Answer

 

U.S. GDP decreased dramatically from 1941 to 1945.

 

The war time years were a period of prosperity for U.S. consumers.

 

Less than 10% of the labor force was in the military or producing war

 


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This question was answered on: Sep 21, 2023

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