In an oligopsony market:
A) there are many buyers and sellers.
B) there are many buyers and a single seller.
C) there is a single buyer and many sellers.
D) there are a few buyers and many sellers.
E) there are a few buyers and a few sellers.
D
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The data in the table above shows the relationship between the Joneses' total consumption and total household income. Based on these data, total consumption varies
A) directly with their total household income. B) independently of their total household income. C) inversely with their total household income. D) negatively with their income.
The Gramm-Rudman-Hollings Acts of 1985
a. led to the largest budget deficits in the history of the United States b. structured a one-quarter reduction in real discretionary spending over the period 1993–1998 c. required Congress to implement a pay-as-you-go plan d. required Congress to cut every budgetary item by the same percentage if it could not reduce the deficit to zero through discretionary budget making e. required Congress to pay for new spending by cutting old spending or raising taxes