Which curve is analogous to the monopsonist's demand curve?
A) ME
B) AE
C) MV
D) MC
C
Economics
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In order to study how changing price affects consumer decisions, we must assume all other factors, such as income and the prices of other goods are constant. This assumption is best know as
A) rationality. B) ceteris paribus. C) normative economics. D) behavioral economics.
Economics
Legislation that makes it illegal to require union membership as a condition of continuing employment is the
A) National Labor Relations Act. B) Wagner Act. C) Congress of Industrial Organizations. D) collection of right-to-work laws.
Economics