The steeper the labor supply curve,
A) the higher the wage the monopsonist pays.
B) the lower the wage the monopsonist pays.
C) the smaller the difference between the wage and the marginal expenditure on labor.
D) the better off workers are.
B
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Explain why there is an active market for cola-flavored soft drinks in the United States but there is not an active market for sauerkraut-flavored soft drinks
What will be an ideal response?
When an economy is operating below its potential capacity, Keynesian economists argue that:
a. taxes should be raised if the government is currently running a budget deficit. b. taxes should be lowered but only if the government is running a budget surplus. c. the government should cut taxes and/or increase spending in order to stimulate aggregate demand. d. all of these.
Because of fixed interest rates, there is no risk involved with holding corporate bonds
a. True b. False Indicate whether the statement is true or false
Developing economies are generally characterized by a dual economy, which means that they have:
A. an international sector and a domestic sector. B. a public sector and a private sector. C. a market sector and a traditional sector. D. a manufacturing sector and an agricultural sector.