Universities are able to act as monopsonists in the market for professors because
A) a university usually does not consider hiring faculty members from another institution.
B) faculty members usually have to move to a different city when changing universities.
C) students like all of their professors.
D) senior faculty members are willing to move to a new university at any cost.
B
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The demand for a good or service is called a derived demand because it is derived from the demand for the factors of production that produce this good or service
Indicate whether the statement is true or false
If buyers expect the price of a good to fall in the near future, we would expect that to cause the current price and the quantity traded to increase as a result
a. True b. False Indicate whether the statement is true or false
A major macroeconomic goal of nearly every society is: a. maintaining stability of prices
b. maintaining high levels of employment. c. achieving high rates of economic growth. d. all of the above.
The International Fisher Effect links interest rates and exchange rates.
a. true b. false