Suppose a Cook at a Diamond Mining Camp in Canada's

question 15

Multiple Choice

Suppose a cook at a diamond mining camp in Canada's North earns a much higher wage than a cook with similar training and experience at an office building in Halifax.Economists would likely call this

• A)a temporary factor-price differential.
• B)a compensating differential.
• C)an intrinsic difference.
• D)an acquired difference.
• E)an equilibrium differential.

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