A Factor of Production That Can Be Used in Any

question 25

Multiple Choice

A factor of production that can be used in any sector of an economy is a(an)

• A)import- competing factor.
• B)variable factor.
• C)specific factor.
• D)export- competing factor.
• E)mobile factor.

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Definitions:

Patents

Legal rights granted by a government that give an inventor exclusive rights to use, make, and sell an invention for a certain period of years.

Coal Mines

Operations involved in extracting coal from the ground, often associated with environmental and safety regulations, and significant economic impact on regions.

Stocks

Financial instruments that represent ownership shares in a company, giving holders a claim on part of the company's assets and earnings.

Property Taxes

Taxes paid by property owners to local governments based on the assessed value of their real estate.