The difference in the land prices between Washington,D.C.,and Tulsa,Oklahoma,is an example of a permanent resource price differential.

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A permanent resource price differential refers to a difference in the price of a resource that is expected to remain constant over time. The difference in land prices between Washington, D.C., and Tulsa, Oklahoma, is an example of such a differential. This is because land in Washington, D.C., is in high demand due to factors such as its status as the capital of the United States and its proximity to major economic and political institutions. As a result, land prices in Washington, D.C., are generally much higher than in other parts of the country, such as Tulsa, Oklahoma.

The Difference in the Land Prices Between Washington,D