When a group of workers forms a union, they introduce an element of
A) pure competition into the labor market.
B) monopoly into the labor market.
C) monopoly into the product market.
D) monopsony into the product market.
B
Economics
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Suppose Congress decreases income taxes. This is an example of
A) expansionary fiscal policy. B) expansionary monetary policy. C) contractionary fiscal policy. D) contractionary monetary policy.
Economics
The demand curve a monopoly faces is
A) horizontal. B) vertical. C) upward sloping. D) downward sloping.
Economics