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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He was a leading patriot , he was admired by the critics and other poets because of his willingness and ability to experiment with language and style
The phrase "E Pluribus Unum" actually means "out of many, one". So the answer choice that best fits that definition would be A! The reason why is because the phrase means that the U.S is composed of many, but that it's united.
All other items not considered realty, including intangibles and movable things, are considered as Personalty.
<h3>What does the term personalty mean?</h3>
Personalty refers to the personal property of a person or an individual. It refers to all those property that are movable but are not real estate.
Personalty are those movable assets such as things, including animals which are not real property, money or investments.
Basically, all the intangibles and movable things that are personal property of an individual, are considered as Personalty i.e. personal property.
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He was effective as a general because of his tactics, understatement of the rival forces.
