Since the National Basketball Association is the only significant employer of professional basketball players, it might be referred to as a(n)

A) oligopsony.
B) monopoly.
C) monopsony.
D) oligopolist.

Answer: C

Economics

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Where the consumption function intersects the 45-degree line

A) consumption will equal only autonomous consumption. B) the average propensity to consume is 0.5. C) savings will be negative. D) saving will be zero.

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Competition between the United States and Mexico is

A) equivalent to the competition between two giant corporations. B) a struggle over which country will get the best jobs. C) unfair if wages in Mexico are lower than in the United States. D) a struggle over which country will keep the most advanced technology. E) not a meaningful way to analyze trade.

Economics