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Author Question: A guarded barbed wire fence separates East and West Bovinia. Soccer players are paid twice as much ... (Read 25 times)

lidoalex

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on: Jun 30, 2018
A guarded barbed wire fence separates East and West Bovinia. Soccer players are paid twice as much in West Bovinia as in East Bovinia. This is an example of
 a. inelastic supply
  b. a temporary resource price differential
  c. a permanent resource price differential
  d. diminishing marginal revenue product
  e. economic rent

Question 2

Depletion of tropical rainforests is an example of
 a. a negative externality
  b. the use of variable technology
  c. adverse selection
  d. the use of fixed technology
  e. a clearly defined property right


moormoney

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

C

Answer to Question 2

A


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