Offering higher than equilibrium wages can be expected to a)increase the cost of losing a job. b) prompt some workers to put up with some strict rules and to be obedient to management. c)inspire effort fromthose who can't be monitored directly on a daily basis d) reduce training cost and increase efficiency. over time. e) all of the above.
Offering higher than equilibrium wages can be expected to a)increase the cost of losing a job. b) prompt some workers to put up with some strict rules and to be obedient to management. c)inspire effort fromthose who can't be monitored directly on a daily basis d) reduce training cost and increase efficiency. over time. e) all of the above.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 18SQ
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Offering higher than equilibrium wages can be expected to
a)increase the cost of losing a job.
b) prompt some workers to put up with some strict rules and to be obedient to management.
c)inspire effort fromthose who can't be monitored directly on a daily basis
d) reduce training cost and increase efficiency. over time.
e) all of the above.
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