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Author Question: A temporary price differential in resource markets is a. eliminated by resource movements b. ... (Read 79 times)

asmith134

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on: Jun 30, 2018
A temporary price differential in resource markets is
 a. eliminated by resource movements
  b. caused by a failure of firms to maximize profits
  c. eliminated by resources moving from highly-valued uses to lower-valued uses
  d. caused by Congress increasing the federal minimum wage
  e. a result of firms using the MRP = MRC rule in hiring resources

Question 2

Deforestation is occurring in tropical areas because
 a. long-run economic considerations outweigh short-run considerations
  b. global economic considerations outweigh domestic considerations
  c. tropical soil is good for growing farm crops
  d. the value of jobs created by deforestation exceeds the cost to society
  e. there is no property right to the earth's climate


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Dinolord

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


asmith134

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dantucker

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  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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