If we compare the wage rate and the level of employment achieved in a competitive labour market with those in a monopsonistic labour market, the latter will generate
A) a lower level of employment and a lower wage.
B) the same outcomes as in a competitive labour market.
C) a higher level of employment and a higher wage rate.
D) a lower level of employment and a higher wage rate.
E) a higher level of employment and a lower wage.
Ans: D) a lower level of employment and a higher wage rate.
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Since all assets typically do not move together, how can investors typically reduce risk?
A) Purchase only the best performing assets. B) Diversify one's portfolio across different asset classes. C) Avoid poor performing assets. D) Actively manage one's portfolio.
As the wage rate increases for computer programmers, the
a. supply curve for computer programmers will shift to the right b. supply curve for computer programmers will shift to the left c. demand curve for computer programmers will shift to the left d. minimum wage will fall in this labor market e. supply curves for workers in similar industries will shift to the left