Coal-miners in JimmyVille earn $30 an hour,and the coal-miners in PurpleTown earn $25 an hour.Which of the following is incorrect?
A) The supply of coal-miners in PurpleTown will decrease
B) The supply of coal-miners in JimmyVille will increase
C) Because of resource reallocation,the coal-miners in PurpleTown will earn the same wage as those in JimmyVille
D) Coal-miners are moving from PurpleTown to JimmyVille
E) The supply of coal-miners in PurpleTown will increase
Correct Answer:
Verified
Q8: If the demand for tacos increases,
A)the supply
Q21: Which of the following is an example
Q24: As resources move from low-valued uses in
Q27: Resource price differentials that do not trigger
Q38: Resource price differentials that trigger the reallocation
Q41: If all of the returns to a
Q42: The fewer alternative uses a resource has,
A)the
Q43: Permanent resource price differentials are caused by
A)differences
Q54: Permanent differentials in resource prices will cause
A)all
Q59: Which of the following is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents