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(Solved by Expert Tutors) 1 Wages above market-clearing rate


1 Wages above market-clearing rates, intended to improve morale and reduce turnover, are:

.

Efficiency wages.

High-cost wages.

Undeserved wages.

Profit-impediment wages.

2?The balance of payments must balance.? This means that:

a deficit in either the current or capital account must be offset by an equal surplus in the other account.

income inflows must equal income outflows.

imports always equal exports.

net transfers equal the trade balance.

3The concept of generational imbalance is designed to:

figure out how to shift current governmental budget burdens to future generations.

calculate the amount of fiscal burden future generations place on the present generation.

decide the most efficient way to shift the current fiscal imbalance to future generations.

estimate how much of a fiscal imbalance is shifted to future generations.

4 Wages above market-clearing rates, intended to improve morale and reduce turnover, are:

efficiency wages.

high-cost wages.

undeserved wages.

profit-impediment wages.

 


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DATE ANSWERED

Apr 19, 2020

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