Which of the Following Can Lead to Permanent Differentials in Resource

question 56

Multiple Choice

Which of the following can lead to permanent differentials in resource prices?

• A)an increase in demand for a product produced by the resource
• B)differences in the inherent quality of resources
• C)differences in the time and money involved in developing necessary skills
• D)differences in the nonmonetary rewards of a job
• E)a lack of resource mobility

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Definitions:

Services Provided

Work performed by one party for another without the supply of tangible goods. Examples include consulting, marketing, maintenance, and legal services.

Accounting Equation

The accounting equation is a fundamental principle of accounting representing the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).

Received Cash

Funds that are taken in by the company, often from transactions such as sales, loans, or investments.

Business Entity

An organization created by one or more individuals to engage in business activities, structured as corporations, partnerships, sole proprietorships, or other forms.