Suppose That Experienced Oil- Field Workers Are Observed to Earn

question 117

Multiple Choice

Suppose that experienced oil- field workers are observed to earn a higher wage in Alberta than in Newfoundland.Economists would likely call this

• A)an intrinsic difference.
• B)an equilibrium differential.
• C)a temporary factor- price differential.
• D)an acquired difference.
• E)equalization of net advantage.

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Definitions:

Long And Short Dashes

Symbols used in Morse code to represent different letters, numbers, or punctuation, with long dashes often referred to as dahs and short dashes as dits.

Rounded Corner

A corner of an object or element that has been smoothed or curved, typically to reduce stress concentrations or for aesthetic purposes.

Arc

A smooth curve that often represents a part of the circumference of a circle.

Radius

The distance from the center of a circle to its perimeter.