This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A temporary price differential in resource markets is a. eliminated by resource movements b. ... (Read 70 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Excellent

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Object and Word Recognition After Vertices Have Been Eliminated (Adapted from Szwed, M., Cohen, L, Q Object and Word Recognition After Vertices Have Been Eliminated (Adapted from Szwed, M., Cohen, L, Q
Alan Price - Poor People Alan Price - Poor People
Movements of the Body Movements of the Body
Facial Movements and Muscles Facial Movements and Muscles
The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library