In comparison to a competitive market, a monopsony generates
A) deadweight loss.
B) larger low-wage employment.
C) more high-wages jobs.
D) more output.
A
Economics
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Refer to the figure above. If the engineer spends his entire time producing computer programs, how many computer programs can he produce?
A) 12 B) 30 C) 45 D) 50
Economics
Which of the following cannot be used to justify efficiency wages
a. Sticky price (menu cost) models b. turnover costs c. worker shirking d. worker morale
Economics
If the marginal propensity to consume were two-thirds, the multiplier would be
a. 1 1/2. b. 1/3. c. 1 2/3. d. 3.
Economics
Excess burden is caused by the fact that taxes
A. are spent in ways that taxpayers do not support. B. distort economic decisions. C. are regressive instead of progressive. D. generate less revenue than the government spends.
Economics