If more and better technology is used by U.S. farm workers than by Egyptian farm workers, then the
a. MRP of the U.S. farm workers will be higher than the MRP of the Egyptian farm workers
b. MRP of the U.S. farm workers will be lower than the MRP of the Egyptian farm workers
c. demand for the U.S. farm workers will be lower than the demand for the Egyptian farm workers
d. price of farm goods will be higher in the U.S. than in Egypt
e. the wage rate of the U.S. farm workers will be lower than the wage rate of the Egyptian farm workers
A
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The prediction of permanent, growing shortages of fresh drinking water by the year 2050 assumes
A) water prices will increase. B) water prices will decrease. C) water prices will not adjust appropriately to coordinate the market. D) nobody will be able to collect water from rain and snowstorms.
What is the difference between marginal and average tax rates? Under what marginal and average tax rate conditions would an income tax be progressive?
What will be an ideal response?