The degree of a factor's specificity is directly related to
A) factor quality,with higher quality factors having a higher level of specificity.
B) technology differences between two countries,with a more advanced technology resulting in more factor specificity.
C) the mobility of the factor,with more mobile factors having more specificity.
D) the amount of time required to redeploy the factor to a different industry.
E) the cost of the factor as a proportion of the long- run total cost of production.
Correct Answer:
Verified
Q2: The specific factors model assumes that there
Q3: Japan's trade policies with regard to rice
Q4: International trade can have important effects on
Q5: The effect of trade on income distribution
A)implies
Q6: A worker who has invested in skills
Q8: In the specific factors model,a country's production
Q9: The specific factors model was developed by
A)Richard
Q10: The Ricardian model of international trade demonstrates
Q11: In the four- quadrant diagram of the
Q12: In the four- quadrant diagram of the
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