Packet K: Bonus 5
In 1964, this economist claimed that Kim Il-Sung was a “messiah instead of a dictator” and that North Korea should absorb South Korea. For 10 points each:
[10h] Name this Cambridge economist who popularized the term “monopsony” to describe single-demander markets and extended Keynesian economics to the long run in The Accumulation of Capital.
ANSWER: Joan Robinson [or Joan Violet Robinson]
[10e] Robinson primarily applied the concept of monopsonies to markets named for this factor of production to explain the gender wage gap. Company towns are monopsonies in markets named for this factor of production.
ANSWER: labor markets [or job markets]
[10m] With Edward Chamberlin, Robinson developed a theory of this market structure. In this market structure, many differentiated firms are expected to make a normal profit while not producing at an efficient quantity.
ANSWER: monopolistic competition [prompt on MC; reject partial answers]
<Swarthmore A, Social Science> | Packet K - UCF A, Notre Dame B, Durham A, Michigan State A, Swarthmore A, Cambridge B
| Heard | PPB | E % | M % | H % |
|---|---|---|---|---|
| 60 | 11.83 | 82% | 27% | 10% |
Conversion
Summary
| Tournament | Edition | Match | Heard | PPB | E % | M % | H % |
|---|---|---|---|---|---|---|---|
| California (South) | Main Site | ✓ | 4 | 12.50 | 75% | 50% | 0% |
| Canada | Main Site | ✓ | 12 | 12.50 | 83% | 33% | 8% |
| Great Lakes | Main Site | ✓ | 4 | 15.00 | 100% | 50% | 0% |
| Lower Mid-Atlantic | Main Site | ✓ | 9 | 13.33 | 89% | 33% | 11% |
| Northeast | Main Site | ✓ | 6 | 10.00 | 67% | 33% | 0% |
| Overflow | Main Site | ✓ | 3 | 10.00 | 100% | 0% | 0% |
| Southeast | Main Site | ✓ | 8 | 10.00 | 75% | 0% | 25% |
| UK | Main Site | ✓ | 6 | 5.00 | 50% | 0% | 0% |
| Upper Mid-Atlantic | Main Site | ✓ | 8 | 16.25 | 100% | 38% | 25% |