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.
A fossil leaf in low-grade coal
Faith Ringgold, Tar Beach, Part I of the series Woman on a Bridge.
Region’s Culture in International Context
cI–Cro interactions in the ORPRM region
Integrated Gasification Combined Cycle coal-fired stations
During a period of high power demand, the voltage output of the power company is reduced by ...