The supply curve that monopsonists face is different from the supply curves that firms in competitive labor markets face because with a monopsony,
a. d and e.
b. the supply curve of labor is relatively flat.
c. offering a wage lower than the market wage means having no workers.
d. the employer faces the market supply curve.
e. the firm does not take the wage as given.
a
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Everything else held constant, Americans who love French wine benefit most from
A) a decrease in the dollar price of euros. B) an increase in the dollar price of euros. C) a constant dollar price for euros. D) a ban on imports from Europe.
In the IS-LM model, an increase in government spending in the goods market has an impact on the money market because
a. it increases the money supply. b. it increases income, which increases money demand. c. it decreases income, which decreases money demand. d. it increases interest rates, which decreases money demand. e. none of the above.
Even in democratic governments, we tend to have a problem with accountability due to the following reasons, except
What will be an ideal response?
Which of the following would call for an inflow of payments to the United States?
a. American imports of German steel b. American firms selling insurance to British shipping companies c. gold flowing out of the United States d. American unilateral transfers to less-developed countries