Firm A is a monopsonist that faces a labor supply elasticity of 2.4 whereas Firm B is a monopsonist that faces a labor supply elasticity of 1.4. Which of these monopsonists has a higher markup over wage?
A) Firm A
B) Firm B
C) They both pay the same.
D) It is impossible to tell which pays a higher wage.
B
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The terms of trade (TOT) is defined as
A) (index of export prices)/(index of import prices). B) (home-country currency)/(foreign-country currency). C) . D) E) having a competitive advantage over other nations.
In the Solow model, if f(k) = 8k0.5, s = 0.2, n = 0.3, and d = 0.1, what is the value of k at equilibrium?
A) 1 B) 4 C) 9 D) 16
The share of corporate tax in total federal revenues:
A. is larger than the other components of federal revenue. B. is the smallest of all the components of federal tax revenue. C. has declined over the past few decades to a relatively low level. D. has grown significantly in each of the past 10 years.
What is the difference between the M1 and M2 definitions of the money supply?
What will be an ideal response?