Author Question: Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the ... (Read 207 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market.
 
  If the price of coal increases, then the firm's quantity of labor demanded ________ and the equilibrium wage ________. A) decreases, decreases
  B) decreases, increases
  C) increases, decreases
  D) increases, increases

Question 2

If we start to think that Medicare will pay for all of our medical needs as we age, then our likely actions will lead to:
 
  A) a shift in the supply of loanable funds will cause interest rates to rise.
  B) a shift in the supply of loanable funds will cause interest rates to fall.
  C) a shift in the demand for loanable funds will cause interest rates to rise.
  D) a shift in the demand for loanable funds will cause interest rates to fall.
  E) there will be an excess supply of loanable funds.



isabelt_18

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

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.

For a complete list of videos, visit our video library