A Temporary Price Differential in Resource Markets Is _____

question 113

Multiple Choice

A temporary price differential in resource markets is _____

• A)caused by inherent differences in nonmonetary aspects of a job.
• B)caused by a failure of firms to maximize profits.
• C)eliminated by resources moving from lower-valued to higher-valued uses.
• D)caused by governments increasing the minimum wages of workers.
• E)eliminated when resources earn an excess of their opportunity costs.

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Definitions:

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Packaging

A process that explores every single visual element of the external appearance of an offering through the eyes of your customer.

Visual Elements

Components like color, shape, line, texture, space, and form used in the creation and design of objects or artwork.

Product Appearance

The external design and aesthetic attributes of a product that contribute to its market appeal.