A Temporary Resource Price Differential Refers to a Price Difference

question 162

Multiple Choice

A temporary resource price differential refers to a price difference

• A)that will not lead to a shift of resources among users
• B)caused by lack of resource mobility
• C)caused by economic rent
• D)that, for example, causes more workers to move to higher-paid areas
• E)caused by minimum wage legislation

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Definitions:

Reduced Range

A limitation or decrease in the extent or scope of something, often regarding movements or options.

Contented

A state of satisfaction and happiness, often resulting from fulfilling one's needs or achieving desired outcomes.

Emotional Reaction

An individual's immediate affective response to a stimulus, which can influence behavior and decision-making.

Future Possible Activities

Activities or tasks that individuals or groups might undertake in the future, which are currently considered as options or plans.