Multiple Choice
The specificfactors model concludes that if there is an
Increase in relative price (and an expansion) in one
Industry, the factor specific to that industry:
A) will experience an increase in its marginal product.
B) will experience a decrease in its marginal product.
C) will be transferred to other industries.
D) will have competition as additional units of that specific factor are hired from other industries.
Correct Answer:
Verified
Correct Answer:
Verified
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