For a monopsonist, the labor supply curve is upward sloping because
A) the monopsonist must compete with other industries for that labor.
B) the monopsonist requires that the laborers are highly skilled.
C) the monopsonist is the only buyer in that labor market.
D) the monopsonist restricts the supply of labor.
C
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Explain how Eurobanks played a role in the Iranian Hostage Crisis in 1979
What will be an ideal response?
The value that consumers get (from consuming a product) over and above what they actually paid for the product is called
A. consumption expenditures. B. consumer surplus. C. consumer demand. D. consumer utility.
"Efficiency" refers to
a. producing output using the least amount of labor b. producing output using the least amount of capital c. producing as far inside the production possibilities frontier as possible d. producing only one out of many possible commodities e. getting the maximum possible output from available resources
Preferred stock differs from common stock in all the following ways except it
a. does not carry voting privileges b. represents corporate debt, not ownership c. pays dividends to preferred stockholders first d. pays a fixed dividend e. has a prior claim on dividends