Rent-seeking activities have been a major problem in the HPAE and contributed greatly to the Asian financial crisis

For a monopsonist, marginal factor cost exceeds the wage rate since

A) more workers have to be paid the prevailing wage rate. B) the supply of labor is perfectly elastic. C) when new workers are hired the wage rate must be increased for all workers and not just for the additional workers. D) the labor demand is downward sloping.

Treasury bills are government IOUs that mature within a year

Indicate whether the statement is true or false