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Author Question: Economists define a labor market with only one buyer to be: a. a monopoly. b. an oligopoly. c. a ... (Read 81 times)

corkyiscool3328

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on: Jun 30, 2018
Economists define a labor market with only one buyer to be:
 a. a monopoly.
  b. an oligopoly.
  c. a monopsony.
  d. perfectly competitive.
  e. backward bending.

Question 2

Higher unemployment benefits funded by higher taxes on earnings would:
 a. decrease aggregate supply in an economy.
  b. increase the supply of labor in an economy.
  c. increase the price level in an economy.
 d. decrease aggregate demand in an economy.
  e. increase the opportunity cost of leisure.


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Jayson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


corkyiscool3328

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  • Posts: 539
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sailorcrescent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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