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Author Question: An efficiency wage is ________ because the result is ________. A) set below the equilibrium real ... (Read 83 times)

Medesa

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on: Jun 29, 2018
An efficiency wage is ________ because the result is ________.
 
  A) set below the equilibrium real wage; reduced turnover and more work effort
  B) set above the equilibrium real wage; reduced turnover and more work effort
  C) not often used; not much different from minimum wage use
  D) set above the equilibrium real wage; increased turnover and more work effort
  E) set above the equilibrium real wage; reduced turnover and less work effort

Question 2

The figure above shows a nation's consumption function. If disposable income is 2 trillion, then the MPC is ________ and saving is ________.
 
  A) negative; positive
  B) positive; zero
  C) positive; negative
  D) positive; positive
  E) negative; negative


moormoney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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