labor Chap011 - TEST BANK Robert J Lemke Lake Forest...

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TEST BANK Robert J. Lemke Lake Forest College Fall 2008 Labor Economics 5 th Edition George Borjas Chapter Eleven 1. A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers A. with piece rates. B. with time rates. C. with incentive pay. D. according to how much each worker produces. E. on commission. Ans: B 2. Which of the following is not a true statement regarding the incentives of different pay structures impose on workers? 3. Which of the following might help a firm motivate its workers to put forth more effort? 4. Piece rates would work best for which of the following occupations? 5. _______ are most closely associated with creating a pool of workers who are involuntarily unemployed. A. Piece rates B. Incentive pay schemes 1
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C. Time rates D. Efficiency wages E. Profit sharing schemes Ans: D 6. Under a piece rate pay scheme where all workers face different upward-sloped marginal cost curves for providing effort: 7. Which of the following is typically not a possible disadvantage of a tournament?
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