What is the elasticity of residual supply faced by the USA in the cashew juice market, where the market supply elasticity is 1, the elasticity of demand of the other countries is -2, and the U.S. imports 10% of the world's cashew juice production?

The Dodd-Frank bill led to the financial meltdown of 2008

Indicate whether the statement is true or false

Answer the following statements true (T) or false (F)

1. A monopsonist in equilibrium will hire labor at a level where MRP = MRC > W. 2. An example of a monopsonist is a labor union whose members include all the workers in a particular industry. 3. In the demand-enhancing union model, a union tries to increase the wage rate through such actions that promoting the industry's product, or raising labor productivity. 4. Professions that require its practitioners to pass a licensure exam, like accountants and doctors, exemplify the exclusive union model of how a labor union raises wage rates.