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The Degree of a Factor's Specificity Is Directly Related to

Question 1

Multiple Choice

The degree of a factor's specificity is directly related to


A) the amount of time required to redeploy the factor to a different industry.
B) the cost of the factor as a proportion of the long-run total cost of production.
C) the mobility of the factor, with more mobile factors having more specificity.
D) technology differences between two countries, with a more advanced technology resulting in more factor specificity.
E) factor quality, with higher quality factors having a higher level of specificity.

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