What is the most probable reason why garbage collectors have higher wages than bookkeepers?
a. Employment discrimination
b. A high unionization rate for bookkeepers
c. A higher educational requirement for garbage collectors than bookkeepers
d. The nonmonetary attractiveness of garbage collection causes fewer people to want to be garbage collectors.
D
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A price discriminating monopsonist could increase its profits by
a. paying the minimum wages possible. b. hiring as little capital as possible. c. paying lower wages to workers with inelastic supply of labor curves than to workers with elastic curves. d. paying lower wages to workers with elastic supply of labor curves than to workers with inelastic curves.
The urban consumers that the CPI is based on includes:
A. bank tellers. B. greeters at Walmart. C. retired persons. D. All of these are included.