In monopsonistic markets, workers are paid less than their
a. MRP
b. MLC
c. wage rate
d. marginal product
e. marginal revenue
A
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Which length of time of unemployment was the highest percentage reported in February 2015?
a. less than 5 weeks b. 5 to 14 weeks c. 15 to 26 weeks d. more than 27 weeks
In the above table, C is consumption expenditure, I is investment, G is government expenditure, and X - M is net exports. All entries are in dollars. The slope of the aggregate expenditure function is
A) -0.10. B) 0.10. C) 0.60. D) 0.70.
Pure private goods are nonrival in consumption.
A. True B. False C. Uncertain
A firm that both hires labor and sells its product in purely competitive markets will
A. have a horizontal supply curve for its product. B. face a downward-sloping demand curve for its product. C. have a horizontal demand curve for labor. D. have a downward-sloping demand curve for labor.