Examlex
The _______________ is the most recently evolved part of our brains and is associated with such complex abilities as reasoning, decision making, and planning.
Monopsonist
A market condition where there is only one buyer for many suppliers, giving the buyer substantial control over prices and terms.
Labor Unions
Entities that act on behalf of employees in discussions with employers about salaries, work environment, and perks.
Labor Supply
The total hours of work that workers are willing and able to provide at a given wage rate.
Demand for Labor
The total amount of workers that employers want to hire at a given wage rate, in a given time period.
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