himanshusoni1909

What is demand in market?

A monopsonist buys labor for less than the competitive wage. What type of inefficiency will the use of monopsony power cause?

How does the answer change if the monopsonist in the labor market were also a monopsonist in the output market?

A monopsonist has a rising MRC curve. Why? It pays a wage lower than the competitive wage. Why? A union and a monopsonist comprise a bilateral monopoly. Why would a worker prefer to be in a union in such a situation? Why might firms voluntarily pay a wage greater than the competitive (market clearing) wage?

1. The percentage of the labor force that belongs to a union is known as the:

a) Union share ratio.

b) Unionization ratio.

c) Union participation ratio.

d) Unionized percentage ratio.

2. The equilibrium wage rate is determined by:

a) Individuals but not firms.

b) Market labor supply and market labor demand.

c) Labor unions.

d) Firms but not individuals.

3. The effect of union exclusion of non-union workers is to:

a) Increase the shortages of non-union workers.

b) Reduce the wages of non-union workers.

c) Increase the number of jobs for non-union workers.

d) Increase the surplus of union workers.

4. A market with one buyer and one seller is a:

a) Bilateral monopsony.

b) Multiopoly.

c) Bilateral monopoly.

d) Multilayer monopoly.

Explain how the introduction of a union will affect total employment under each of the following conditions.

A) a perfectly competitive labor market with all firms becoming unionized.

B) a perfectly competitive labor market with some, but not all firms, becoming unionized.

C) a monopsony market.

Economic theory unambiguously predicts that total employment will be reduced when an effective minimum wage law is introduced:

Explain how the introduction of a union will affect total employment under each of the following conditions.

a perfectly competitive labor market with all firms becoming unionized.

a perfectly competitive labor market with some, but not all firms, becomeing unionized.

a monopsony market.

Economic theory supports the view that increasing the minimum wage will

a. decrease the employment of teenagers.

b. decrease the employment of unionized labor.

c. increase the number of monopsony firms.

d. increase the employment of teenagers.

what type of chemical bond would apply for each pair of element below?

a) nonmental atom+ nonmetal atom

b) metal atom+ metal atom

c) metal atom+ nonmental atom

what is atom?

1. What is atom?
2.  

The market demand for labor is

a. More elastic in the long run than in the short run

b. More elastic in the short run than in the long run

c. Unaffected by time differences

d.Never elastic in the relevant range

Economic theory supports the view that decreasing the minimum wage will

Economic theory supports the view that increasing the minimum wage will

a.increase the employment of teenagers.

b.decrease the employment of unionized labor.

c.increase the number of monopsony firms.

d.decrease the employment of teenagers.

An increase in unemployment insurance payments would, in effect, ________ the amount of time spent searching for a job, which would increase ________ unemployment

a. increase; cyclical
b.increase; frictional
c.decrease; cyclical
d.decrease; frictional

An increase in productivity will

A.increase aggregate demand.

B.increase aggregate supply.

C.increase aggregate supply and aggregate demand.

D.decrease aggregate supply and aggregate demand.

Fundamentals rights

In India, there are six fundamental rights that every citizen is entitled to. These include the right to equality, freedom of speech, and freedom of expression.

Additionally, all individuals have the freedom to practice and propagate any religion of their choice. This is a crucial aspect of India's diverse cultural fabric.

The cultural and educational rights of India protect the rights of cultural, religious, and linguistic minorities. This enables them to conserve their heritage and maintain their unique identities without fear of discrimination.