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.
The production of electricity from coal is inefficient
The demand for energy is met by burning coal and other fossil fuels
The demand for cheap coal to generate electrical power is rising
GDP per Capita by Country Group, 1820–2008
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
CAP–cAMP complex binding to the CAP binding region