Multiple Choice
The efficiency-wage theory of worker quality suggests that if firms respond to a surplus of labor by reducing the wage,then
A) the most competent applicants will likely apply for that firm's jobs.
B) the most competent applicants will likely not apply for that firm's jobs.
C) unemployment will increase.
D) the quality of the firm's work force will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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