Which of the Following Statements Is False

question 65

Multiple Choice

Which of the following statements 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:

Carbon Monoxide

A colorless, odorless, and toxic gas produced by incomplete combustion of carbon-containing materials.

Red Blood Cells

Cells in the blood responsible for carrying oxygen from the lungs to the rest of the body and returning carbon dioxide to the lungs for expulsion.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Fetal Hemoglobin

A type of hemoglobin found in fetuses that has a higher affinity for oxygen than adult hemoglobin.