Multiple Choice
In a twosector (manufacturing and agriculture) specific
Factors model:
A) land is specific to the manufacturing sector.
B) labor is specific to the manufacturing sector.
C) capital is specific to the manufacturing sector.
D) labor and capital are specific to the manufacturing sector.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: In the specificfactors model, suppose that the
Q36: In the twosector (manufacturing and agriculture)<br>Specificfactors model,
Q37: Suppose that the Home country in the
Q38: Why does the return to capital change
Q39: Some economists believe that an extended safety
Q41: In equilibrium, with diminishing marginal products, the<br>Slope
Q42: A microeconomic analysis shows that in a
Q43: In the specificfactors model, an increase in
Q44: Table: An Economy Before and After Trade<br>The
Q45: Suppose that the Home country in the