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The efficiency age theory suggests that Question 9 options: employers may get a more efficient workforce when labor is paid more than the competitive wage

The efficiency age theory suggests that Question 9 options: employers may get a more efficient workforce when labor is paid more than the competitive wage rate. wages readily fall in response to excess supply in labor markets. workers are paid primarily on the basis of their annual productivity increases. wages must be competitively determined for workers to be efficient

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