Permanent Resource Price Differentials Are Caused by

question 48

Multiple Choice

Permanent resource price differentials are caused by

• A)differences in resource quality
• B)differences in the time and training required to perform the job
• C)differences in nonmonetary aspects of the job
• D)a lack of resource mobility
• E)all of the above

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Definitions:

Default Judgment

A binding judgment in favor of either party based on some failure to take action by the other party, usually the defendant.

Mandamus

A court order directing that a specific act be performed.

Certiorari

A writ issued by a high court to a lower court or tribunal, requesting the lower entity to send all documents in a case it has tried for review.

Declaratory Judgment

A declaration by the court as to what the law is in any matter brought before it.