A factor of production that cannot be used outside of a particular sector of an economy is a(an)
A) specific factor.
B) mobile factor.
C) variable factor.
D) import-competing factor.
E) export-competing factor.

Question

Quizplus · Accepted Answer

A specific factor is a type of factor of production that is limited to particular sectors of the economy and cannot be shifted or moved to other sectors. This may include resources such as specialized machinery, land, or labor with unique skills.

A Factor of Production That Cannot Be Used Outside of a Particular