A Monopsonist Wants to Purchase More Labor

question 224

Multiple Choice

A monopsonist wants to purchase more labor. Which of the following statements is true?

• A) The wage rate that the monopsonist has to pay future workers is lower than it pays current workers since there is no other place to work.
• B) The wage rate that the monopsonist has to pay future workers will be the same rate it pays current workers.
• C) The wage rate that the monopsonist has to pay future workers is higher than what it will continue to pay current workers.
• D) The monopsonist will have to raise the wage rate for current and additional employees.

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Definitions:

Femoral Head

The spherical top part of the femur that fits into the hip socket, forming the hip joint.

Abduction of Hip

The movement of the leg away from the midline of the body.

Adduction of Hip

The movement of bringing the leg toward the midline of the body.

Hip Dislocation

An injury where the head of the femur is moved out of its normal position in the socket of the pelvic bone, often due to trauma.