In the context of labor markets shirking refers to a

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158. In the context of labor markets, shirking refers to: A. the nonmonetary disadvantages of certain jobs. B. the neglecting or evading of work. C. the elimination of monitoring costs. D. any scheme where pay is directly related to worker output. AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #158 Topic: Pay and performance 159. Traveling sales representative Harold Hill only calls on clients four days a week rather than the five days expected by his employer. This is an example of: AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-6 McConnell - Chapter 13 #159 Topic: Pay and performance 160. The idea of efficiency wages is that: AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #160 Topic: Pay and performance 161. Paying an above-equilibrium wage rate might reduce unit labor costs by: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #161 Topic: Pay and performance 162. One implication of efficiency wages is that: A. labor turnover is reduced as wages are reduced. B. the market-clearing wage always exceeds the efficiency wage. C. worker productivity falls as wage rates rise beyond the equilibrium wage. D. if the efficiency wage exceeds the market-clearing wage, permanent unemployment may result. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #162 Topic: Pay and performance 163. Compensation paid in proportion to the number of units of personal output best describes: AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #163 Topic: Pay and performance
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164. A firm might choose to pay its employees a wage higher than that which would clear the market because: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #164 Topic: Pay and performance
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