Compared to a competitive market, a firm that has a monopsony in ...

[cookcarl]

Compared to a competitive market, a firm that has a monopsony in a labor market would
 
  A) hire fewer workers and pay higher wages. B) hire more workers and pay higher wages.
  C) hire more workers and pay lower wages. D) hire fewer workers and pay lower wages.

Question 2

The decision to make the U.S. income tax system progressive was
 
  A) a positive decision.
  B) a normative decision.
  C) a decision that was needed to minimize the excess burden of taxation.
  D) a progressive decision.

[ririgirl15]

Answer to Question 1

D

Answer to Question 2

B