Author Question: An example of a bilateral monopoly would be when a union A) bargains with many different ... (Read 46 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
An example of a bilateral monopoly would be when a union
 
  A) bargains with many different employers.
  B) deals directly with the final consumers.
  C) bargains with a monopoly.
  D) bargains with a monopsony.

Question 2

Suppose the price of a good rises. The income effect
 
  A) shows the change in consumption that results from the change in relative price while staying on the same indifference curve.
  B) shows the change in consumption that results from the change in relative price while keeping income constant.
  C) is shown by decreasing income at the new relative price in order to move from the old indifference curve to the new indifference curve after the price change.
  D) is shown by increasing income at the new relative price in order to move from the old indifference curve to the new indifference curve after the price change.



joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For a complete list of videos, visit our video library