Question 1
Which of the following will NOT help wage rates to be more equal?
◦ Perfect knowledge
◦ Workers' abilities becoming more similar
◦ Perfect mobility of labour
◦ All of the above will tend to make wage rates more equal.
Question 2
By a labour market 'monopsonist' we mean
◦ a single employer in a given labour market.
◦ a monopolistic firm.
◦ an aggressive employer.
◦ a trade union.