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True aacsb reflective thinking skills blooms

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TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-3 McConnell - Chapter 13 #174 Topic: Monopsony and imperfectly competitive labor markets
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175. The rising general level of real wages in the United States has occurred because growing population has increased the supply of labor relative to the demand for it. FALSE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-1 McConnell - Chapter 13 #175 Topic: Real and nominal wage rates; trends 176. Advocates of the minimum wage argue that its effects should be analyzed within the context of a dynamic and imperfectly competitive labor market. TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #176 Topic: Minimum wage 177. Marginal resource (labor) cost will always exceed the wage rate when the employer is selling its product in an imperfectly competitive market. FALSE AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #177 Topic: Purely competitive labor markets 178. A monopsonistic employer may sell its product in a competitive market. TRUE AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-3 McConnell - Chapter 13 #178 Topic: Monopsony and imperfectly competitive labor markets 179. Industrial unions are more likely to increase wage rates by restricting the supply of labor than are craft unions. FALSE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-4 McConnell - Chapter 13 #179 Topic: Union models and licensure 180. The labor supply curve facing a purely competitive firm is perfectly inelastic. FALSE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-2 McConnell - Chapter 13 #180 Topic: Purely competitive labor markets 181. The monopsonist in a nonunionized labor market pays a wage rate below the MRP of labor. TRUE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #181 Topic: Monopsony and imperfectly competitive labor markets 182. Inclusive unions restrict the number of jobs directly by shifting the labor supply curve to the left; exclusive unions restrict the number of jobs by imposing above-equilibrium wage rates on the employer. FALSE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-4 McConnell - Chapter 13 #182 Topic: Union models and licensure
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183. Critics of the minimum wage contend that higher minimums cause employers to move up their labor demand curves, reducing employment of low-wage workers. TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #183 Topic: Minimum wage 184. Seniority pay is the same as piece rate pay.
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TRUE AACSB Reflective Thinking Skills Blooms Knowledge...

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