A) and firms paying wages above equilibrium to improve worker health both create frictional unemployment.
B) creates frictional unemployment,while firms paying wages above equilibrium to improve worker health creates structural unemployment.
C) creates structural unemployment,while firms paying wages above equilibrium to improve worker health creates frictional unemployment.
D) and firms paying wages above equilibrium to improve worker health both create structural unemployment.
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A) above equilibrium,and profits are higher than otherwise.
B) above equilibrium,and profits are lower than otherwise.
C) below equilibrium,and profits are higher than otherwise.
D) below equilibrium,and profits are lower than otherwise.
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A) cause unemployment,but efficiency wages do not.
B) cause the quantity of labor supplied to exceed the quantity of labor demanded,but efficiency wages do not.
C) cause wages to be above the equilibrium level.
D) prevent firms from lowering wages in the presence of a surplus of workers.
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A) reduce incentives to shirk.
B) reduce turnover.
C) attract a well-qualified pool of applicants.
D) All of the above are correct.
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A) the profits of her firm might increase.
B) she will face a shortage of labor.
C) the turnover of her workers may increase.
D) None of the above is correct.
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A) cyclical unemployment.
B) frictional unemployment.
C) structural unemployment.
D) natural rate of unemployment.
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A) create frictional unemployment,while firms paying wages above equilibrium to attract a better pool of candidates creates structural unemployment.
B) create structural unemployment,while firms paying wages above equilibrium to attract a better pool of candidates creates frictional unemployment.
C) and firms paying wages above equilibrium to attract a better pool of candidates both create structural unemployment.
D) and firms paying wages above equilibrium to attract a better pool of candidates both create frictional unemployment.
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A) surplus and so increase unemployment.
B) surplus and so decrease unemployment.
C) shortage and so increase unemployment.
D) shortage and so decrease unemployment.
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A
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A) entice workers to work the night shift rather than the day shift.
B) improve productivity by reducing turnover.
C) reduce costs by attracting the least-skilled workers to apply for job vacancies.
D) All of the above are correct.
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A) a higher wage paid to a more experienced worker
B) a below-equilibrium wage paid by a small business exempt from minimum-wage laws
C) an above-equilibrium wage paid by a firm to reduce turnover costs
D) a wage tied to participation in a government-sponsored job training program
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A) pay all workers more than the equilibrium wage rate
B) pay all workers below the equilibrium wage rate to make up for the loss from shirking
C) make sure that workers are getting paid exactly the equilibrium wage rate
D) fire the workers with the most seniority
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A) below the equilibrium level,causing a shortage of labor.
B) below the equilibrium level,causing a surplus of labor.
C) above the equilibrium level,causing a shortage of labor.
D) above the equilibrium level,causing a surplus of labor.
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D
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A) increase productivity and reduce unemployment.
B) increase productivity but increase unemployment.
C) decrease productivity but reduce unemployment.
D) decrease productivity and increase unemployment.
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A) may increase productivity.
B) will increase unemployment.
C) may improve worker health.
D) All of the above are correct.
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D
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A) Efficiency wages increase worker health and therefore increase worker productivity.
B) Efficiency wages decrease worker turnover and therefore decrease hiring and training costs.
C) Efficiency wages decrease worker shirking and therefore increase worker productivity.
D) Efficiency wages are below the equilibrium wage rate but still attract a sufficient number of workers.
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A) shortage of labor and so reduce unemployment.
B) shortage of labor and so raise unemployment.
C) surplus of labor and so reduce unemployment.
D) surplus of labor and so raise unemployment.
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A) might increase profits if it attracts a better pool of workers to apply for jobs at her salon.
B) will increase the excess supply of labor.
C) may increase the quality of her work force.
D) All of the above are correct.
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A) The higher the wage,the less often his workers will choose to leave his firm.
B) The higher the wage,the lower will be the costs of obtaining needed supplies.
C) The higher the wage,the more he can charge for his beer
D) The higher the wage,the more he will have to monitor his workers for shirking.
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A) frictional unemployment and the natural rate of unemployment.
B) frictional unemployment but not the natural rate of unemployment.
C) structural unemployment and the natural rate of unemployment.
D) structural unemployment but not the natural rate of unemployment.
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A) A hiring manager can easily judge the quality of applicants,and after workers have worked for the firm a while,they tend not to look for other jobs.
B) A hiring manager can easily judge the quality of applicants,and after workers have worked for the firm a while,they tend to look for other jobs.
C) A hiring manager cannot easily judge the quality of applicants,and after workers have worked for the firm a while,they tend to look for other jobs.
D) A hiring manager cannot easily judge the quality of applicants,and after workers have worked for the firm a while,they tend not to look for other jobs.
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