Author Question: Which of the following is an example of a temporary price differential in a resource market? a. ... (Read 23 times)

jilianpiloj · **on:** Jun 30, 2018

Which of the following is an example of a temporary price differential in a resource market?
a. land downtown is more expensive than land in the suburbs
b. a superstar professional basketball player is paid more than the average professional player
c. cable television installers have a higher wage than telephone installers
d. an airline pilot is paid more than a flight attendant
e. a worker in a toxic waste plant earns more than a teacher

Question 2

Which of the following is not an example of an open access resource?
a. deer in the forest
b. fish in the ocean
c. oil deposits
d. wild flowers
e. King crabs in the Bering Sea