Other things equal,if a particular province has some non- monetary advantages,such as a temperate climate,the wage rate in that province will be
A)higher than average and the market will be in equilibrium.
B)the same as any other province.
C)lower than average and the market will be in equilibrium.
D)higher than average and the market will be in disequilibrium.
E)lower than average and the market will be in disequilibrium.

Question

Quizplus · Accepted Answer

Non-monetary advantages like a temperate climate make a province more attractive to live in, leading to a lower wage rate as people are willing to accept lower pay for the improved living conditions, maintaining market equilibrium.

Other Things Equal,if a Particular Province Has Some Non- Monetary