Monopsonistic exploitation refers to
A) the payment to the resource equal to MFC.
B) the payment to a resource less than MRP.
C) the payment to a resource equal to MRP.
D) the payment to a resource above MRP.
Answer: B
You might also like to view...
The difference between a nation’s value of its exports and imports is called the balance of _________.
a. trade b. payments c. goods d. shipments
Under current policy, the Fed ties the discount rate to the
a. prime rate. b. AAA corporate bond rate. c. federal funds rate. d. long-term government bond rate.
In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to
A. shift long-run aggregate supply to the left. B. shift aggregate demand to the right. C. shift short-run aggregate supply to the left. D. shift short-run aggregate supply to the right. E. shift aggregate demand to the left.
A seller's reservation price is generally equal to:
A. the seller's opportunity cost of producing an additional unit. B. the seller's marginal benefit from producing an additional unit. C. the buyer's reservation price. D. the market price.