A Temporary Resource Price Differential Refers to a Price Difference

question 162

Multiple Choice

A temporary resource price differential refers to a price difference

• A)that will not lead to a shift of resources among users
• B)caused by lack of resource mobility
• C)caused by economic rent
• D)that, for example, causes more workers to move to higher-paid areas
• E)caused by minimum wage legislation

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Definitions:

Correlational Research

A method of research that examines the relationship between two or more variables to determine if a change in one is associated with a change in the other(s).

Cause-and-Effect Relationship

A connection between two events where one is the result of the other or others.

Survey Method

A research technique in which data is collected from a predetermined group of individuals through their responses to questions.

Questionnaires

A set of written questions used for collecting information that is self-reported by the respondent.