A monopsony is a:
a. large number of buyers.
b. large seller.
c. single seller.
d. single buyer.
Question 2
The passage of the Employment Act of 1946 assigned:
a. the federal government the responsibility for promoting full employment and price stability.
b. the federal government the responsibility for promoting free markets to achieve economic prosperity.
c. the federal government the responsibility to set a minimum wage for all agricultural workers.
d. state governments the responsibility to set a minimum wage for all industrial workers.
e. state governments the responsibility for promoting full employment and price stability.
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