Which of the Following Is False

question 57

Multiple Choice

Which of the following is false?

• A) The evidence seems to show that there are only a few, if any, instances of pure monopsony in the real world.
• B) In a monopsony setting, it is possible for a minimum wage to actually increase the number of workers hired.
• C) Although in a monopsony setting it is possible for a minimum wage to actually increase the number of workers hired, it is not possible to raise wage rates continually and always increase employment, too.
• D) The marginal factor cost for a monopsonist is less than the wage rate it pays workers.

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Definitions:

TNT

Trinitrotoluene, a yellow, odorless, explosive material used commonly as a high explosive.

Oxygen Balance

A concept in chemistry that calculates the degree to which an explosive compound can be oxidized, affecting its explosive properties.

Positive

Having a value of more than zero; often refers to electric charge associated with protons.

Oxygen Balance

A concept in chemistry that helps in assessing the degree to which an explosive can be oxidized; it measures the relative amounts of oxygen and combustible elements in a compound.