The Specific­factors Model Concludes That If There Is an

question 16

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.

---

Definitions:

Cry

The act of shedding tears as an emotional response or due to irritation of the eyes.

Symbolic Thought

The ability to use symbols, language, or objects to represent something abstract, such as an idea or concept.

Piaget

A Swiss psychologist known for his pioneering work on the cognitive development of children.

Language Development

The process by which individuals acquire the ability to perceive, comprehend, and produce language during their lifetime.