Choose an option and provide a concise justification to the following multiple choice problems. 1. San...

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Choose an option and provide a concise justification to the following multiple choice problems. 1. San Jose, California is a more productive city than Santa Barbara, California, but Santa Barbara is more pleasant than San Jose. Based on this, we might expect A. San Jose will have higher wages but Santa Barbara will have higher rents B. Santa Barbara's high rents will be compensated by high wages C. High rents in Santa Barbara will mean that few people want to live there D. None of the above Choose an option and provide a concise justification to the following multiple choice problems. 1. San Jose, California is a more productive city than Santa Barbara, California, but Santa Barbara is more pleasant than San Jose. Based on this, we might expect A. San Jose will have higher wages but Santa Barbara will have higher rents B. Santa Barbara's high rents will be compensated by high wages C. High rents in Santa Barbara will mean that few people want to live there D. None of the above

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