The labor supply curve facing a monopsonist is:
a. downward sloping.
b. upward sloping.
c. a horizontal line.
d. backward bending.
e. a vertical line.
b
You might also like to view...
How might inflation, even if fully anticipated, prevent the classical dichotomy from holding, even in the long run?
What will be an ideal response?
Overcrowding under public school choice is not a problem because _____
a. parents find crowded schools undesirable b. parents do not mind sending their kids to schools far away from home c. schools have the ability to drastically expand capacity in the short-run d. schools will be extremely exclusionary
Inflation:
a) Always reduces the cost of living b) Always reduces the standard of living c) Reduces the price of products d) Reduces the purchasing power of a pound
Which of the following best describes rule utilitarianism?
a. a person considers an action independently of a situation and determines whether it is more often moral or immoral to determine how to classify it in all situations b. a person who considers a situation and decides upon the easiest course of action c. a person who considers an action and determines whether it would end favorably for them d. a person examines a situation, considers all possible actions they could take and decides which one would end most favorably for all involved