Which of the following is FALSE regarding a monopsonist?
A) The monopsonist is the only buyer in a market.
B) The monopsonist faces an upward sloping labor supply curve.
C) The monopsonist faces an upward sloping labor demand curve.
D) The monopsonist faces the entire market labor supply curve.
C
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According to the Austrian view of the business cycle, expansionary monetary policy that pushes the interest rate to an artificially low level will
a. lead to an increase in long-term investments like houses and office buildings without generating the savings that will be required for their purchase in the future. b. lead to a reduction in long-term investments like houses and office buildings that will quickly throw the economy into a recession. c. lead to an increase in long-term investments like houses and office buildings that will enhance the long-term growth of the economy. d. lead to a reduction in investment, but there will be no impact on output, employment or the general level of prices.
If an individual has a comparative advantage in the production of a good, then this individual has the
A. greatest desire for the good. B. lowest opportunity cost in the production of the good. C. highest opportunity cost in the production of the good. D. same opportunity cost in the production of the good.