Factors tend to be specific to certain uses and products
A)in countries lacking fair labor laws.
B)in countries lacking comparative advantage.
C)in capital- intensive industries.
D)in the short run.
E)in labor- intensive industries.

Question

Quizplus · Accepted Answer

In the short run, factors of production are often specific to certain uses and products because they cannot be easily reallocated or adapted to different uses.

Factors Tend to Be Specific to Certain Uses and Products