A monopsonist's marginal factor cost (MFC) curve lies above its supply curve because the firm must:
a. lower the product price to sell more.
b. increase the price of its product to sell more.
c. decrease the factor price to hire more.
d. lower the factor price to hire more.
e. none of these.
c
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Workers in urban work units work for
a. start ups b. state owned enterprises c. the government d. a, b and c are correct e. none of the above
After the United States introduces a tariff in the market for widgets, the price of widgets in the United States will: Incorrect Response
A. decrease. B. increase. C. remain the same. D. change in an indeterminate manner.
Which of the following would not increase labor productivity, ceteris paribus?
A. An increase in the number of participants in the labor force. B. Management training. C. Human capital investment. D. An increase in the quality of capital.
Depreciation of the dollar relative to foreign currencies will tend to increase net exports and aggregate demand.
Answer the following statement true (T) or false (F)