A computer software program is most strongly an example of

For a monopsonist, the labor supply curve is upward sloping because

A) the monopsonist must compete with other industries for that labor. B) the monopsonist requires that the laborers are highly skilled. C) the monopsonist is the only buyer in that labor market. D) the monopsonist restricts the supply of labor.

During a period when output and employment is falling, the government will try to:

A. Increase tax rates B. Increase interest rates C. Reduce government spending D. Stimulate borrowing and spending