Which of the following is an effect of monopsony?
a. Fewer workers will be hired.
b. More workers will be promoted.
c. Workers will receive higher wages.
d. Workers will be more mobile.
a. Fewer workers will be hired.
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If the reserve ratio is 10 percent and reserves in the commercial banking system increase by $10,000, the maximum possible expansion of demand deposits is
A) $90,000. B) $1,000,000. C) $10,000. D) $100,000.
Vesting refers to
A) the right of the holder of an insurance policy to collect for an insurable event. B) the shielding of returns on whole life policies from taxation. C) the length of service required of an employee before he or she is eligible for a pension. D) the payments made by an employee into a pension plan.
Wearing a suit to a job interview is an example of a:
A. positive signal. B. negative signal. C. positive screen. D. negative screen.
For a perfectly competitive firm,
a. P = MR at all output levels b. P = MR at the profit-maximizing quantity only c. P > MR at all output levels d. P < MR at the profit-maximizing quantity only e. P < MR at all output levels