As compared to a firm that competes for labor, a monopsony will:
a. hire fewer workers and pay lower wages.
b. hire fewer workers by pay higher wages.
c. pay lower wages but hire more workers.
d. pay higher wages and hire more workers.
a
You might also like to view...
When an expansion is triggered by a(n) ________ in autonomous expenditure, the economy turns the corner into ________, and aggregate planned expenditure exceeds real GDP. Firms' inventories ________
A) increase; recession; decrease B) increase; recession; increase C) increase; expansion; increase D) increase; expansion; decrease E) decrease; expansion; decrease
Suppose the demand curve for a good is highly elastic and the supply curve is highly inelastic. If the government taxes this good,
a. buyers and sellers will each share 50 percent of the burden, regardless of the elasticities of the demand and supply curves. b. sellers will bear a larger share of the tax burden. c. the distribution of the burden will depend upon whether the buyers or the sellers are required to send the tax to the government. d. buyers will bear a larger share of the tax burden.