Question

If Hanna were the chief economics planner in Mitchell, South Dakota, a rural location that boasts the worlds largest corn palace, what would be her biggest challenge in encouraging economic development in terms of location?

a. If the location is deemed undesirable by employees, employers will have to pay lower wages.

b. If the location is deemed undesirable by employees, employers will have to pay higher wages.

c. If the location has a low cost of living, employers will have to pay higher wages.

d. If the location has a high cost of living, employers will have to pay lower wages.

e. Its location should have no effect on wages.

Answer

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