The monopsonistic exploitation of labor refers to
A) the reduction in total output from monopoly in the product market.
B) the union wage differential.
C) workers being paid a wage less than their marginal revenue product.
D) the reduction in employment resulting from union wage setting.
C
Economics
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Among young Americans aged 19 to 25, _____% have no health insurance
a. 11% b. 17% c. 22% d. 26%
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If economic fluctuations originate on the supply side,
a. there will be no relationship between unemployment and inflation. b. real wage increases will be necessary to eliminate unemployment. c. inflation and unemployment will be negatively related. d. inflation and unemployment will be positively related.
Economics