A monopsonist wants to purchase more labor. Which of the following statements is TRUE?
A) The wage rate that the monopsonist has to pay future workers is lower than it pays current workers since there is no other place to work.
B) The wage rate that the monopsonist has to pay future workers will be the same rate it pays current workers.
C) The wage rate that the monopsonist has to pay future workers is higher than what it will continue to pay current workers.
D) The monopsonist will have to raise the wage rate for current and additional employees.
D
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Between 1981 and 2013, deaths from kidney disease increased largely due to the effects of
A) increased smoking. B) increasing obesity. C) increasing alcohol consumption. D) increased pollution.
A bank has total assets of $3,000,000. Of these assets, $200,000 are cash and $300,000 are Treasury securities
Furthermore, the bank holds municipal revenue bonds of $600,000, residential mortgages of $1,000,000, and consumer and commercial loans of $900,000. This bank's risk-adjusted assets are A) $3,000,000. B) $1,900,000. C) $1,250,000. D) $1,070,000.