The use of the supply-and-demand model to analyze labor markets implicitly assumes that there is ________ governing the labor market.
A. monopoly
B. bi-lateral monopoly
C. monopsony
D. perfect competition
Answer: D
You might also like to view...
List and describe the four components of GDP
What will be an ideal response?
When the Fed sells government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate ________
A) decrease; decreases; falls B) decrease; increases; falls C) increase; increases; falls D) increase; decreases; rises E) decrease; decreases; rises
The growth theory that predicts perpetual economic growth is
A) classical growth theory. B) neoclassical growth theory. C) the new growth theory. D) real growth theory.
A budget surplus is the:
A. amount of money a government spends beyond the net revenue it brings in. B. amount of net revenue a government brings in beyond what it spends. C. total amount of money that a government owes. D. total amount of money that a government receives from a tax increase.