Which of the Following Statements About Equilibrium Factor-Price Differentials Is

question 28

Multiple Choice

Which of the following statements about equilibrium factor-price differentials is correct? They

• A)tend to be self-eliminating.
• B)may be caused by differences in the intrinsic qualities of factors.
• C)will be eliminated when the allocation of resources is in long-run equilibrium.
• D)are unrelated to differences in non-monetary benefits.
• E)are unrelated to acquired differences in factors.

---

Definitions:

Negligence

Failure to take proper care in doing something, resulting in damage or injury to another.

Penalty

A financial charge imposed on an individual or entity for violating regulations or failing to comply with legal obligations.

Tax Due

The amount of tax owed to a government, typically determined after performing a calculation based on income and allowable deductions.

Social Security

A federal program in the United States that provides retirement benefits, disability income, and survivors benefits to eligible Americans.