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What may be the reasons for paying efficiency wages

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Reference no: EM131344944

A: In the Labour Force Survey (LFS), someone who only works as little as one hour per week is defined as employed. What implication does this have for the accuracy of the unemployment rate statistic as a measure of true unemployment? Explain your answer.

B: What may be the reasons for paying 'efficiency wages' and what effects should it have on firms and workers?

Reference no: EM131344944

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