A standard efficiency wage model pays workers higher wages in order to increase workerof involuntarily unemployed workemes apoutin pant because

$29$

$(8$or$4$

Multiple Choice

the firm pays workers according to a tournament

workers are less likely to shirk when there is a pool of unemployed workers who are willing to take their job

the firm agrees to not replace labor with capital

workers are unaware of the pool of unemployed workers as long as they keep thelr job.

workers will do anything to be paid a higher wage