Resource price differentials that trigger the reallocation of resources so as to equalize payments for similar resources are known as
A) permanent differentials
B) trigger price differentials
C) reallocation differentials
D) equal differentials
E) temporary differentials
Correct Answer:
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Q33: A temporary resource price differential refers to
Q34: The market supply curve of labor is
A)upward
Q35: Along the supply curve of lifeguards at
Q36: Suppose that the wage for drive-thru clerks
Q37: When resource markets are free to adjust,
Q39: A firm's demand for a resource is
Q40: The market supply curve of capital is
A)upward
Q41: If all of the returns to a
Q42: The fewer alternative uses a resource has,
A)the
Q43: Permanent resource price differentials are caused by
A)differences
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