1. If an economy's income inequality increases, then the economy's poverty rate must have increased as well. A. True B. False 2. If a firm hires another worker and that worker's MCL is exactly equal to the MCL of the previous worker, then the firm hires labor in a _____________________ market. A. perfectly competitive B. monopsonistic
1. If an economy's income inequality increases, then the economy's poverty rate must have increased as well. A. True B. False 2. If a firm hires another worker and that worker's MCL is exactly equal to the MCL of the previous worker, then the firm hires labor in a _____________________ market. A. perfectly competitive B. monopsonistic
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 2SQP
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1. If an economy's income inequality increases, then the economy's poverty rate must have increased as well.
A. True
B. False
2. If a firm hires another worker and that worker's MCL is exactly equal to the MCL of the previous worker, then the firm hires labor in a _____________________ market.
A. perfectly competitive
B. monopsonistic
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