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Other things equal, if a particular province has some non-monetary advantages, such as a temperate ...

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Other things equal, if a particular province has some non-monetary advantages, such as a temperate ...

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

▸ the same as any other province.

▸ lower than national average and the market will be in equilibrium.

▸ lower than national average and the market will be in disequilibrium.

▸ higher than national average and the market will be in equilibrium.

▸ higher than national average and the market will be in disequilibrium.

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Microeconomics

Edition: 17^th

Author: Ragan

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This site is awesome

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