Which of the following statements about efficiency wage theory is true ?

Question

Xaibi Aslam · Accepted Answer

Paying above the competitive equilibrium wage may improve worker health lower worker turnover improve worker quality and increase worker effort

Xaibi Aslam · Answer

Paying above the competitive equilibrium wage tends to cause workers to shirk their responsibilities

Xaibi Aslam · Answer

Firms do not have a choice about whether they pay efficiency wages or not because these wages are determined by law

Xaibi Aslam · Answer

Paying the lowest possible wage is always the most efficient (Profitable)

Question #48005