If a labor market is dominated by a monopolist, it is possible that the imposition of a minimum wage law could INCREASE the amount of employment in that market.
举一反三
- In the labor market, an increase in labor productivity ________ the real wage rate and ________ the level of employment. A: raises; increases B: raises; decreases C: lowers; increases D: lowers; decreases
- Market potential refers to the minimum possible sales in the total market for a product category, by all organisations.
- What is the result of a tighter labor market? A: It can produce wage growth. B: It can increase unemployment rate. C: It can produce wage reduction D: It can lower unemployment rate
- The causes of wage-push inflation are ( ). A: Wage price spiral B: Strong labor union C: Incompletely competitive labor market D: Expansionary income policy
- Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.