The difference between the average earnings of eye surgeons and those of janitors is an example of
a. a temporary differential
b. a permanent differential
c. a resource price difference that will cause a reallocation of resources to different uses
d. a temporary difference that will be eliminated through the reallocation of resources to different uses
e. a differential caused by a lack of resource mobility
Question 2
It is in the long-run economic interest of the world to preserve rainforests, but it is not in the short-run economic interest of the inhabitants of the countries involved to do so.
a. True
b. False
In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
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