Exploitation due to a single buyer in the input market is known as
A) monopoly exploitation.
B) monopsonistic exploitation.
C) Marxian exploitation.
D) the result of closed shops.
B
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Refer to the figure below. If both firms offer reduced rates, each earns ________, and if both firms keep their rates high, each earns ________.
A. 500; 300 B. 300; 500 C. 50; 300 D. 300; 50
Calculate the dollar price of a German automobile worth 40,000 euros, if the dollar per euro exchange rate is 1.5
a. $41,500 b. $26,700 c. $60,000 d. $50,000 e. $38,500
What concept does economics primarily deal with?
a) scarcity b) poverty c) change d) power
An international organization formed with the aim of promoting world economic growth through financial stability is called
A. the World Bank. B. the International Finance Corporation. C. the International Monetary Fund (IMF). D. the International Development Association.