Originally coined by economist Joan Robinson to refer to markets with multiple sellers of a product but only one buyer, the term “monopsony” can also refer to markets where demand for labor is limited. In a product monopsony, the single buyer can force sellers to lower their prices. ______blank in a labor monopsony, employers can force workers to accept lower wages.
","stem_html":"Which choice completes the text with the most logical transition?
","rationale_html":"Choice C is the best answer. “Similarly” logically signals that the information in this sentence about a labor monopsony is similar to the information in the previous sentence about a product monopsony. In both types of markets, one party (an employer or a buyer) has the power to force another party (a worker or seller) to accept less money (for labor or products).
Choice A is incorrect because “earlier” illogically signals that the information in this sentence about a labor monopsony occurs earlier (in a chronological sequence) than the information about a product monopsony. Instead, it is similar to the information about a product monopsony. Choice B is incorrect because “instead” illogically signals that the information in this sentence about a labor monopsony is an alternative to the previous information about a product monopsony. Instead, it is similar to the information about a product monopsony. Choice D is incorrect because “in particular” illogically signals that the information in this sentence about a labor monopsony provides specific details elaborating on the previous information about a product monopsony. Instead, it is similar to the information about a product monopsony.
","correct_answer":["C"],"has_media":false,"has_mathml":false,"has_table":false,"source_created_at":"2023-08-02T20:25:59.334000+00:00","source_updated_at":"2023-08-02T20:25:59.334000+00:00","options":[{"label":"A","content_html":"Earlier,
","ord":0},{"label":"B","content_html":"Instead,
","ord":1},{"label":"C","content_html":"Similarly,
","ord":2},{"label":"D","content_html":"In particular,
","ord":3}],"attribution":{"source_id":"cb_question_bank","source_name":"College Board digital SAT question bank (community dump)","rights_holder":"College Board","canonical_url":"https://satsuitequestionbank.collegeboard.org/","retrieved_from":"https://raw.githubusercontent.com/mdn522/sat-question-bank/main/data/cb-digital-questions.json","attribution":"SAT practice questions © College Board, from the official SAT Suite Question Bank. Retrieved via the community dump at github.com/mdn522/sat-question-bank.","disclaimer":"SAT® and PSAT/NMSQT® are trademarks registered by the College Board, which is not affiliated with, does not sponsor, and does not endorse this project.","license":"College Board copyright; source repository carries no licence. Local use only.","redistributable":false,"item_count":2017}}