The answer is B. hope i helped:)
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Answer:Job satisfaction
Explanation:Job satisfaction measures how content or not content people are with their day to day jobs.
This depends on various factors such wages, Intrinsic and extrinsic motivation, age etc.
These factors can contribute to job satisfaction or dissatisfaction for example Intrinsic motivation, when someone works in a job that aligns well with what drives them in life or a job that aligns with their values they are very likely to be satisfied.
Some people also need things like being rewarded for the work they have done well which may give them satisfaction.
Employers can play the role as much as individuals play the role in job satisfaction by rewarding their employees , increasing their wages .
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.
To learn more about equilibrium wages
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