What does the specificfactors model allow us to
Analyze?
A)the returns to factors of production
B)the allocation of resources between sectors
C)the returns to factors of production and the allocation of resources between sectors
D)the allocation of resources to the service sector

Question

What does the specific­factors model allow us to
Analyze?
A)the returns to factors of production
B)the allocation of resources between sectors
C)the returns to factors of production and the allocation of resources between sectors
D)the allocation of resources to the service sector

Quizplus · Accepted Answer

The specific factors model allows us to analyze both the returns to factors of production and the allocation of resources between sectors. It does not specifically focus on the allocation of resources to the service sector, and while it may indirectly allow for analysis of resource allocation within sectors, its primary focus is on the interplay between different sectors based on the immobility of certain factors of production.

What Does the Specific­factors Model Allow Us to

What Does the Specificfactors Model Allow Us to