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Author Question: If, as a result of imperfect information, firms set their wage rates below the market clearing wage rate (Read 107 times)

sc00by25

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Question 1

A firm may benefit by paying workers more than the market clearing wage because the higher wages may lead to all of the following 
except


◦ lower worker turnover.
◦ improved worker morale.
◦ reduced shirking of work.
◦ reduced taxes.

Question 2

If, as a result of imperfect information, firms set their wage rates below the market clearing wage rate


◦ unemployment increases.
◦ there will be a surplus of workers.
◦ there will be a shortage of workers.
◦ there will be equilibrium in the labor market.


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Marked as best answer by sc00by25 on Apr 19, 2019

Fayaz00962

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