Multiple Choice
In a two-sector (manufacturing and agriculture) specific-factors model, which resource is specific to the agriculture sector?
A) labor
B) land
C) capital
D) entrepreneurs
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q131: Coffee prices fell in the 1990s because
Q132: (Table: Sales and Payments) Suppose that the
Q133: If the price per bushel of wheat
Q134: Suppose that land is specific to corn,
Q135: (Table: Home and Foreign Prices for Manufacturing
Q137: Suppose that the home country in the
Q138: In a two-sector (manufacturing and agriculture) specific-factors
Q139: (Table: Production and Prices in Two Industries)
Q140: In a competitive market, what happens to
Q141: One reason that nations impose agricultural quotas