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


A

Economics

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Public goods, when left to the private market will be:

A. undersupplied. B. over consumed. C. under consumed. D. oversupplied.

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Once active discrimination ends, it:

A. no longer affects people or markets. B. is quickly forgotten, and efficiency is reached. C. can have long-lasting effects on people and markets. D. None of these is true.

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The winner's curse is not useful in understanding the performance of companies after a merger

Indicate whether the statement is true or false

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In practice, money supply and short-term interest rates are determined by the

A. Treasury and Commerce departments. B. Federal Open Market Committee. C. Board of Governors. D. House and Senate.

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