When workers are paid a wage that is less than their contribution to a monopsonist's revenues
A) this is sometimes referred to monopsonistic exploitation.
B) this is sometimes referred to as an incentive.
C) they seek part time employment.
D) they file a grievance with their union representative.
Answer: A
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Property owned by governments is called:
A. Private property B. Shared property C. Public property D. Common property
Which of the following investments offers fixed dividend payments?
A) Consols B) Zero-coupon bonds C) Preferred stock D) Convertible stock
According to classical macroeconomic theory,
A. aggregate supply automatically adjusts to shifts in aggregate demand. B. demand creates its own supply. C. flexible prices, wages, and interest rates assure full-employment equilibrium. D. desired investment typically exceeds desired saving.
This graph depicts the demand for a normal good. Suppose Johnny was consuming a normal good at point A in the figure shown, but has just received a raise at work. Johnny's demand may:
A. increase to point B. B. be unaffected. C. drop to zero. D. increase to point C.