If there is a monopsony operating in the labor market illustrated in the figure above, the equilibrium wage and quantity of labor hired is
A) $15 and 50 hours.
B) $10 and 100 hours.
C) $10 and 50 hours.
D) $5 and 50 hours.
D
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Each of the following increases average labor productivity except:
A. more natural resources. B. more physical capital. C. more human capital. D. more central planning.
In the above table, which tax plan is regressive?
A) only plan A B) only plan B C) only plan C D) both plan A and plan C
According to Walton and Rockoff, the primary reason the Federal government failed to build an adequate highway system before the Civil War was
a. the technology was not available. b. the canal craze diverted attention. c. rivalries among different sections of the country stalled legislation. d. the teachings of Adam Smith were taken too literally.
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. scrimping on the tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Visiting the beauty salon before a big date