In a twosector (manufacturing and agriculture) specific
Factors model:
A) land is specific to the manufacturing sector.
B) labor is specific to the manufacturing sector.
C) capital is specific to the manufacturing sector.
D) labor and capital are specific to the manufacturing sector.
Correct Answer:
Verified
Q3: Under free trade and comparative advantage, the
Q4: In the twosector (manufacturing and agriculture)
Specificfactors model,
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
Q9: What resource is specific to the agriculture
Q10: The specificfactors model is termed a "shortrun"
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Q12: When there are diminishing marginal returns to
Q13: In the specificfactors model, it is assumed
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