One of the reasons that a firm can be ________ efficient than a market is that the firm ________

In a monopsony labor market, imposition of a minimum wage will

a. reduce employment b. increase unemployment c. cause employers to actually reduce wages d. reduce the number of people looking for work e. none of the above

Which of the following would be most likely to encourage capital formation in a less-developed country?

A. the expectation of sustained high inflation B. the expectation that property rights will be highly secure in the years ahead C. the imposition of high tariffs and other restraints limiting imports D. higher personal and corporate tax rates