In comparison to an employer in a competitive labor market, a monopsony employer hires ________ workers and produces ________ output
A) fewer; less
B) fewer; more
C) more; less
D) more; more
A
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If the marginal propensity to consume (MPC) is 0.9, then the multiplier for a change in autonomous spending will be
A) 0.1. B) 9. C) 10. D) 100.
If international trade is restricted by the government:
a. domestic consumers are benefited. b. domestic producers are adversely affected. c. consumers in the importing country are required to pay higher prices for the goods. d. consumers can access to better quality product at lower prices. e. the resources are allocated to their highest paid uses.
A U.S. mutual fund uses $1 million to buy yen from a Japanese bank. It then uses these yen to buy stocks in a Japanese electronics firm. The Japanese electronic firm then exchanges the $1 million dollars of yen for dollars from a U.S. bank. It uses
these dollars to buy equipment manufactured by a company located in the U.S. As a result of these exchanges, by how much, if at all, and in which direction does: A. U.S. net exports change? B. U.S. net capital outflow change?
Which of the following can banks use to borrow from the Federal Reserve?
a. the discount window or the term auction facility b. the discount window but not the term auction facility c. the term auction facility but not the discount window d. Banks cannot borrow from the Federal Reserve, only the government can.