Factors tend to be specific to certain uses and products
A) in the short run.
B) in countries lacking comparative advantage.
C) in capital-intensive industries.
D) in labor-intensive industries.
E) in countries lacking fair labor laws.

Question

Quizplus · Accepted Answer

In the short run, factors of production such as labor and capital are often specific to certain uses and products because they cannot be easily reallocated or adapted to different industries or purposes.

Factors Tend to Be Specific to Certain Uses and Products