If the supply of labor to a monopsonist is everywhere unit elastic, and the marginal expenditure equals $1, then the wage will equal

Which of the following is not an advantage of modern corporations?

a. Limited liability b. Longevity and permanence c. More likely to earn higher profits d. Ease of attracting investors

Suppose that you are an economist working for the United States government and are asked to defend the level and growth of government spending. What information could you use to your advantage?