Efficiency wages may cause a <u>surplus</u> of labor because they are <u>above</u> the equilibrium wage.
The efficiency wage is higher than the equilibrium wage, which might result in a labor supply.
Since the efficiency wage in question is higher than equilibrium wages, there will be a labor surplus since more individuals will be eager to work as a result of the wage rise. Due to the fact that supply is more than demand, this will result in a rise in supply and an excess of labor.
There is a labor surplus in the sense that a sizeable segment of the work force produces less than it consumes and its marginal product is below the wage agreed upon via negotiation.
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Answer: Empiricism
Explanation: Empiricism is a theory based on the use of empirical evidence. Empirical evidence refers to the use of scientific methodology and research using related data to establish conclusion or fact about an hypothesis. Empiricism negates the use of traditional, natural ideas which are based on priori reasoning, religious sentiments and intuitions. Empiricism revolves around the use of data and scientific research in establishing facts.
Answer:
<em>The correct option is B) process </em>
Explanation:
In the English language, a process can be described as a particular array of actions which are to be undergone to achieve a certain goal. For example, for solving a mathematical problem, a person will have to go through the process of many numerical solutions or actions. Hence, the correct option is B) process.
Other options like, option E, is not correct because a project is a given task on which a person or researching might be working. For accomplishing a project, the researcher will have to go through a series of processes.
