The Degree of a Factor's Specificity Is Inversely Related to

question 16

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.

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