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

Question

Quizplus · Accepted Answer

In the short run, factors of production are often fixed and specific to certain uses and products, as it takes time to adjust or reallocate resources.

Factors Tend to Be Specific to Certain Uses and Products