Permanent differentials in resource prices will cause
a. all of the following
b. the allocation of fewer resources to lower-paid uses
c. the equalization of payments for the same resource in different uses
d. no change in the allocation of resources
e. the allocation of more resources to higher-paid uses
D
Economics
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Government revenue from printing money is referred to as:
A) menu costs. B) seigniorage. C) shoeleather costs. D) excise tax
Economics
An increase in demand for resources fixed or specific to an industry will cause their earnings _____ because those resources cannot be released from other industries.
a. to fall b. to rise by the same rate as for all resources c. to rise disproportionally d. to fall disproportionally
Economics