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
The endangered West African giraffe
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
Climate Change in East Asia
north of east, east of north, east of south, south of east, etc.