Multiple Choice
The degree of a factor's specificity is inversely related to
A) the mobility of the factor,with more mobile factors having less specificity.
B) the cost of the factor as a proportion of the long- run total cost of production.
C) the amount of time required to redeploy the factor to a different industry.
D) technology differences between two countries,with a less advanced technology resulting in less factor specificity.
E) factor quality,with lower quality factors having a lower level of specificity.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: In the two- country model of international
Q12: In the four- quadrant diagram of the
Q13: A country's budget constraint states that<br>A)a country
Q14: U.S.imports of sugar are limited by an
Q15: In the specific factors model,a 5% increase
Q17: The Ricardian model of international trade demonstrates
Q18: Immigration into the U.S.over the past century
Q19: The degree of a factor's specificity is
Q20: In the specific factors model,a 0% increase
Q21: In the specific factors model,which of the