In Comparison to an Employer in a Competitive Labor Market

question 34

Multiple Choice

In comparison to an employer in a competitive labor market, a monopsony employer pays a ________ wage rate and hires ________ workers.

• A) lower; fewer
• B) lower; more
• C) higher; more
• D) higher; fewer

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Definitions:

Benefit Employers

Advantages or favorable conditions created for businesses or organizations that employ individuals.

Head Start Program

A program in the United States aimed at early childhood education, health, and parent involvement services to low-income children and their families.

Testing And Tracking

The processes of assessing the performance, quality, or reliability of a product, service, or system, and monitoring its progress or location over time.

Bill 101

A piece of legislation in Quebec, Canada, known as the Charter of the French Language, established to promote and preserve the French language in the province.