In the early 1900s, Henry Ford introduced a a. high-wage policy, and this policy produced none of the effects predicted by efficiency-wage theory. b. low-wage policy, and this policy produced many of the effects predicted by efficiency-wage theory. c. high-wage policy, and this policy produced many of the effects predicted by efficiency-wage theory. d. low-wage policy, and this policy produced none of the effects predicted by efficiency-wage theory.

Answer:

high-wage policy, and this policy produced many of the effects predicted by efficiency-wage theory

In the early 1900s, Henry Ford introduced a high-wage policy, and this policy produced many of the effects predicted by efficiency-wage theory. The correct option is c.

In 1914, Henry Ford implemented a high-wage program known as the "Five Dollar Day" that considerably raised the earnings of his employees. This action was taken to increase production, decrease turnover, and recruit and keep a skilled team.

The high-wage theory, which contends that paying higher wages may result in a number of advantages for employers, was in line with this high-wage policy's expectations.

Thus, the ideal selection is option c.

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On holiday weekends thousands of people picnic in state parks. Some picnic areas become so overcrowded the benefit or value of picnicking diminishes to zero. An overcrowded picnic area is an example of

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What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?

a. high neuroticism
b. low openness to experience
c. high creativity
d. high introversion
e. low agreeableness

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A firm conducted a market analysis and determined that a new wo
will remain the same, what change should occur initially to maxim
A)
The firm should increase output.
B)
The firm should decrease output.
O
The firm should keep productivity the same.
D)
The firm should raise costs other than labor.

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Required:
What is the activity level on which Crawford based its fixed overhead rate?

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a. human relations
b. behavior modification
c. sustainability
d. control systems
e. workplace capacity

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Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to convince the farmer to allow him to have dirtier air?

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The Laffer curve is the curve showing how tax revenue varies as the size of the tax varies.

a. True
b. False