Author Question: Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the ... (Read 244 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market.
 
  If the price of coal increases, then the firm's quantity of labor demanded ________ and the equilibrium wage ________. A) decreases, decreases
  B) decreases, increases
  C) increases, decreases
  D) increases, increases

Question 2

If we start to think that Medicare will pay for all of our medical needs as we age, then our likely actions will lead to:
 
  A) a shift in the supply of loanable funds will cause interest rates to rise.
  B) a shift in the supply of loanable funds will cause interest rates to fall.
  C) a shift in the demand for loanable funds will cause interest rates to rise.
  D) a shift in the demand for loanable funds will cause interest rates to fall.
  E) there will be an excess supply of loanable funds.



isabelt_18

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

For a complete list of videos, visit our video library