Compared to a competitive market, a firm that has a monopsony in a labor market would
A) hire fewer workers and pay higher wages. B) hire more workers and pay higher wages.
C) hire more workers and pay lower wages. D) hire fewer workers and pay lower wages.
D
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The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5P. If this economy is open to trade, and the world price of a car is $6,000, how many cars will be imported?
A. 3,000 B. 2,000 C. 4,000 D. 6,000
The impact of crowding out may be the least
A) when real GDP is above but close to potential GDP. B) during a deep recession. C) when real GDP is below but close to potential GDP. D) during an expansion.
Differences in ________ explain why interest rates on Treasury securities are not all the same
A) risk B) liquidity C) time to maturity D) tax characteristics
If the exchange rate has been $2.00 per British pound but now falls to $1.60 per British pound, there will be
a. more U.S. imports from Great Britain because the price of pounds has fallen. b. more exports to Great Britain because the price of pounds has risen. c. fewer exports to Great Britain because the price of the pound has risen. d. more U.S. exports to Great Britain since the price of the dollar has fallen. e. no change in either exports or imports.