If a monopsony must negotiate with a union, then the wage will probably be
A) more than the value of marginal product.
B) more than the marginal cost of labor.
C) the same as if there had been no union.
D) more than what it would have been without a union but not more than the value of marginal product.
D
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The multiplier for government spending is the same as the
A) multiplier for autonomous consumption. B) marginal propensity to save. C) marginal propensity to import. D) tax multiplier.
The Convertibility Law of April 1991 in Argentina
A) pegged the Argentinean currency to the US dollar at a ratio of one to one. B) pegged the Argentinean currency to the US dollar at a ratio of one to two. C) pegged the Argentinean currency to the US dollar at a ratio of one to 0.5. D) represents an era of floating exchange rate in Argentina. E) pegged the Argentinean currency to the British pound at a ratio of one to one.