A monopsonist is

A. a single buyer of an input.
B. a firm that has a unionized labor force.
C. a firm with monopoly power in the local area.
D. a single seller of an input.


Answer: A

Economics

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Albert and Betty hire Christine and David to play music at their wedding. Elizabeth, who lives behind the church, cannot study because of the loud music. The third party is:

a. Albert. b. Betty. c. Christine. d. David. e. Elizabeth.

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"The government should choose policies deemed to be just, as evaluated by an impartial observer behind a ‘veil of ignorance.'" This statement is most closely associated with which political philosophy?

a. liberalism b. utilitarianism c. libertarianism d. welfarism

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In the income-expenditure model, if autonomous investment decreases by $10 billion,

What will be an ideal response?

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