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77julia77 [94]
3 years ago
15

What concept is associated with the notion that employers can get greater effort from workers by paying them a relatively high,

above-equilibrium wage?A. profit sharingB. efficiency wagesC. piece-rate wagesD. bonus or commissions
Business
1 answer:
il63 [147K]3 years ago
3 0

Answer:

The correct answer is letter "B": efficiency wages.

Explanation:

Efficiency wage is the amount of money companies are willing to pay employees that is above the equilibrium wage in order to motivate them to increase the organization's productivity, thus, the firm's profits. This scenario implies that as workers are paid higher the unemployment rate is lower.

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What is the expansionary fiscal policy of the government?
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Answer:

D. when the government decreases the interest rate

Explanation:

Fiscal policy can be defined as the use of taxes, government spending and transfers to stabilize an economy. Expansionary fiscal policy of the government  is when the government of a country decreases its taxes and increases its expenditure.  the word "fiscal" refers to tax revenue and government spending.

when the government reduces its interest rates, consumers pay less interest, they have more money to spend and there will be drastic effect to that because there will be more spending in the  economy. businesses also benefits from this decreased interest as they will be motivated to buy equipment and obtain loan to boost their businesses and pay less interest.

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2 years ago
Uppose a price floor on sparkling wine is proposed by the Health Minister of the country ofVinyardia. What will be the likely ef
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Answer:

C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result

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When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.

As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.

I hope my answer helps you.

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Question 5 of 10
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Option C
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