Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 . The consumer price index was 177 in 2001 and 265.5 in 2006 . Henri's 2006 salary in 2001 dollars is

List five major economic activities of government, and give an example of each.

What will be an ideal response?

What is a monopsony and how does a monopsonistic firm determine the wage rate to pay its employees?

What will be an ideal response?