In the market for labor, the monopsonist is the sole:
A. seller and can push wages down, below the competitive wage.
B. buyer and can keep wages up, above the competitive wage.
C. buyer and can push wages down, below the competitive wage.
D. seller and can keep wages up, above the competitive wage.
C. buyer and can push wages down, below the competitive wage.
You might also like to view...
“The market has failed to provide enough rental housing in New York City. This demonstrates another failure of free markets-they may lead to shortages of necessities.” Explain why you agree or disagree.
What will be an ideal response?
What is the marginal cost of a good?
What will be an ideal response?
An increase in the sensitivity of private spending (consumption, investment, and net exports) to changes in the interest rate ________ the government purchases multiplier
A) may increase or may decrease B) will not change C) will increase D) will decrease
In this graph
A. saving is negative at all levels of disposable income.
B. saving is negative when disposable income is below 2000.
C. saving is negative when disposable income equals 2000.
D. saving is negative when disposable income is above 2000.