If workers are homogeneous and face a monopsonist,
A) they are likely to want to form a union.
B) they are likely to want to negotiate one-on-one with their employer.
C) it is likely that half will want to form a union, half will not.
D) they are likely to move to another town.
A
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According to the classical model, desired saving is
A) affected by the money illusion at low income levels. B) identical to the demand for saving at each level of real GDP. C) a function of real GDP. D) equal to desired investment.
Concerning the effect of New Deal farm measures, Walton and Rockoff conclude that the New Deal _____
a. simply failed to help farmers because the farmer's terms of trade did not improve. b. helped the farmer to a limited extent primarily through the stimulation of aggregate demand. c. helped the farmer to a substantial extent by limiting farm output. d. helped the farmer to a substantial extent by increasing farm output.
Apple has continued to be innovative to ensure that the demand for its products stays or becomes
a. More inelastic b. More elastic c. Unitary elastic d. None of the above
The foreign purchases effect states that when our price level increases, this tends to ______.
Fill in the blank(s) with the appropriate word(s).