Statement 1: "A firm using the spot market to hire employees will always pay employees more than they could get elsewhere."

Statement 2: "A firm using the efficiency wage approach to hiring will only hire employees at entry level jobs. Higher level jobs are promoted from within the firm."

a. Both are true

b. Both are false

c. Statement 1 is true, but 2 is false

d. Statement 2 is true, but 1 is false