A monopsony is defined as a monopoly that has to negotiate with a labor union

According to your textbook, globalization tends to increase the productivity of nations through

A) improvements in the labor skills of their citizens. B) increasing technological knowledge. C) improving the coordination of individual economic plans. D) doing all of the above.

A decrease in the unemployment rate from 21 percent to 17 percent can be illustrated as: a. an inward shift of the production possibilities curve

b. an outward shift of the production possibilities curve. c. a movement down and to the right along the production possibilities curve. d. a movement from a point inside the production possibilities curve to a point closer to the production possibilities curve.