The monopsonist faces the entire _____ curve of labor.
A. supply
B. demand
C. demand curve and supply
A. supply
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Education generates three types of external? benefits: A. Workplace? externalities, civic? externalities, and? free-rider externalities. B. Pollution? externalities, median-voter? externalities, and? free-rider externalities. C. Pollution? externalities, civic? externalities, and crime externalities. D. Workplace? externalities, civic? externalities, and crime externalities.
Education generates three types of external benefits:
A.
Workplace externalities, civic externalities, and free-rider externalities.
B.
Pollution externalities, median-voter externalities, and free-rider externalities.
C.
Pollution externalities, civic externalities, and crime externalities.
D.
Workplace externalities, civic externalities, and crime externalities.
When the Fed purchases $1000 worth of government bonds from the public, the U.S. money supply eventually increases by
a. more than $1000. b. exactly $1000. c. less than $1000. d. None of the above are correct.
Economic profits in the rent-a-wreck industry are $400,000 per firm. Assuming that the industry is perfectly competitive,
A. new firms will enter and the supply of the car rentals will increase. B. new firms will enter but there will be no effect on the supply of car rentals. C. firms will leave the industry and supply will fall. D. the industry is in equilibrium.
Which of the following is correct?
A. Private saving equals national saving plus public saving. B. National saving equals private saving plus public saving. C. National saving equals public saving minus private saving. D. Public saving equals national saving plus private saving.