Author Question: Economists define a labor market with only one buyer to be: a. a monopoly. b. an oligopoly. c. a ... (Read 19 times)

corkyiscool3328 · **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.