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) lower than average and the market will be in equilibrium.
B) higher than average and the market will be in disequilibrium.
C) higher than average and the market will be in equilibrium.
D) lower than average and the market will be in disequilibrium.
E) the same as any other province.

Question

Quizplus · Accepted Answer

Non-monetary advantages, like a temperate climate, make a province more attractive to workers, leading to a lower wage rate as workers are willing to accept less pay for the added benefits, resulting in market equilibrium.

Other Things Equal, If a Particular Province Has Some Non-