If We Compare the Wage Rate and the Level of Employment

question 103

Multiple Choice

If we compare the wage rate and the level of employment achieved in a competitive labour market with those in a monopsonistic labour market,the latter will generate

• A)a lower level of employment and a higher wage rate.
• B)a higher level of employment and a lower wage.
• C)a higher level of employment and a higher wage rate.
• D)a lower level of employment and a lower wage.
• E)the same outcomes as in a competitive labour market.

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Definitions:

Neurons

Specialized nerve cells that communicate information by sending electrical and chemical signals.

Intellect

The faculty of reasoning and understanding objectively, especially with regard to abstract or academic matters.

Lewy Body Disease

A form of major neurocognitive disorder characterized by an increase in Lewy body cells in the brain. Symptoms include visual hallucinations, momentary loss of attention, falling, and fainting.

Vascular Disease

Vascular disease is characterized by sporadic, and progressive, loss of intellectual functioning caused by repeated infarcts, or temporary obstructions of blood vessels, which prevent sufficient blood from reaching the brain. (formerly called vascular or multi-infarct dementia.)