An efficiency wage is a higher wage paid to reward workers who show greater productivity. Option D is correct.
<h3>What is the Efficiency wage?</h3>
Wages provided to employees over the minimum wage in order to retain a trained and efficient staff are referred to as efficiency wages. Adam Smith defined a type of pay disparity in the 18th century, in which workers in some businesses are paid more than others based on the level of trustworthiness necessary.
Employers establish efficiency salaries above the equilibrium wage rate as an incentive for better employee performance. An efficiency wage is a higher wage provided to employees who are more productive.
Therefore, option D is correct.
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Answer:
B. What must be given up to acquire it
Explanation:
The opportunity cost is the cost which is to be sacrificed to gain for some better option
Since in the given case the aunt is thinking to open a hardware store but it will cost her $500,000 for rent and the to purchase the stock
And, also she also have to quit her accountant job for $50,000
So in this option quitting the job is to be considered as an opportunity cost
Answer:
Yes.
Explanation:
Yes, the Solomon and Flores form of trust exist in business if bluffing is an accepted rule of business negotiation because bluffing is acceptable in the business. If bluffing is an accepted rule of business negotiation then there is no trust formed between Solomon and Flores and the reason for this is that bluffing is a bad act which makes relationship worse between the partners but in this case trust exist in business due to the rule of bluffing.
Answer:
C) Households may save part of the additional income from the tax cut
Explanation:
When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.
But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.
Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.
What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.
Answer:
C.
Explanation:
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