A monopsonist is
A) a single buyer.
B) a single seller.
C) a unionized labor market.
D) a non-profit-maximizing firm.
Answer: A
Economics
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In a world lacking property rights, it would be ________ to realize the gains from trade and there would be ________ specialization
A) easier; less B) easier; more C) harder; less D) harder; more
Economics
If Congress passes legislation to cut taxes and increase government spending to counter the effects of a severe recession, this would be an example of a(n):
a. Contractionary fiscal policy b. Expansionary fiscal policy c. Standardized budget d. Budget surplus
Economics