The specificfactors model is termed a "shortrun" model
Because:
A) labor cannot move from one activity to another.
B) land resources can move from one activity to another.
C) labor can move from one activity to another.
D) land and capital cannot move from one activity to another.
Correct Answer:
Verified
Q5: In the twosector (manufacturing and agriculture)
Specificfactors model,
Q6: Because of the "law of diminishing marginal
Q7: In contrast to the Ricardian model, international
Q8: In a twosector (manufacturing and agriculture) specific
Factors
Q9: What resource is specific to the agriculture
Q11: Bolivia's government attempted to solve some of
Q12: When there are diminishing marginal returns to
Q13: In the specificfactors model, it is assumed
Q15: In the specificfactors model, as more labor
Q17: A "specific" factor of production is:
A) critical
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