Economists define a labor market with only one buyer to be: a. a ...

[corkyiscool3328]

Economists define a labor market with only one buyer to be:
 a. a monopoly.
  b. an oligopoly.
  c. a monopsony.
  d. perfectly competitive.
  e. backward bending.

Question 2

Higher unemployment benefits funded by higher taxes on earnings would:
 a. decrease aggregate supply in an economy.
  b. increase the supply of labor in an economy.
  c. increase the price level in an economy.
 d. decrease aggregate demand in an economy.
  e. increase the opportunity cost of leisure.

[Jayson]

Answer to Question 1

c

Answer to Question 2

a

[corkyiscool3328]

Thanks for the timely response, appreciate it

[ryhom]

Excellent