All of the Following Are Examples of Equilibrium Factor-Price Differentials,EXCEPT

question 102

Multiple Choice

All of the following are examples of equilibrium factor-price differentials,EXCEPT

• A)the different prices of two pieces of land,one with a good supply of water and one without.
• B)the different wages earned by labour of varying ability.
• C)the difference in average wages in Toronto and Dryden,Ontario.
• D)an income differential that induces increased rates of entry into the higher paid professions.
• E)higher pay to a dentist than to a dental hygienist.

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Definitions:

Tenants

are individuals or groups who occupy or hold a land or property rented from a landlord under a lease.

Life Estate

A legal interest in real property that lasts for the lifetime of a specified individual, after which the interest typically reverts to another designated party.

Survival Clause

A contract provision that remains effective after the termination of the contract, covering aspects such as confidentiality and dispute resolution.

Evicted

The legal process by which a tenant is expelled from rented property, usually due to violation of a lease agreement.