Which of the following statements is true?
A. A monopsony is the only employer of a factor of production.
B. A monopsony will pay workers a higher wage and employ fewer workers than a competitive labor market.
C. A monopsony has a marginal factor cost curve which lies below its supply curve of labor.
D. Unions are becoming a greater influence in American labor markets.
Answer: A
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The Monetarist model expands the Keynesian model by proposing that
A) decreases in the quantity of money lead to higher interest rates. B) the government should lower taxes promote economic growth. C) decreases in tax rates generate higher consumption. D) decreases in the growth rate of the quantity of money trigger expansions by controlling inflation. E) markets should be left alone to determine the optimal outcome.
A ________ is a provision that restricts or specifies certain activities that a borrower can engage in
A) residual claimant B) risk hedge C) restrictive barrier D) restrictive covenant
Which of the following is a basic human need?
a. Transportation b. Healthcare c. Money for gas d. College level education e. Savings
The banking system receives a new cash deposit of $250,000. Total deposits eventually rise by $1 million. The value of the reserve ratio is
A. 25 B. 4 C. 0.50. D. 0.25. E. 0.20.