Which of the following measures did President Bush adopt in 2001 to get the economy moving again?
a. A hike in the wages of workers
b. A ten-year tax cut
c. An increase in taxes on high-income households
d. Liquidation of money supply
e. A decrease in government spending
Question 2
If a monopsonist offers a wage of 6, he finds that 1,200 people are willing to work for him. This means that the:
a. marginal factor cost is 6.
b. marginal factor cost is 200.
c. total wage cost is 1,200.
d. total wage cost is 7,200.
e. 6 wage is too high.
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