Other things equal,if a particular province has some non-monetary advantages,such as a temperate climate,the wage rate in that province will be
A)higher than national average and the market will be in equilibrium.
B)higher than national average and the market will be in disequilibrium.
C)lower than national average and the market will be in equilibrium.
D)lower than national average and the market will be in disequilibrium.
E)the same as any other province.

Question

Quizplus · Accepted Answer

Non-monetary advantages like a temperate climate make a province more attractive to live in, which can lead to a lower wage rate as people are willing to accept less pay for the desirable living conditions, resulting in market equilibrium.

Other Things Equal,if a Particular Province Has Some Non-Monetary Advantages,such