The Specific­factors Model Assumes That in Each Industry

question 63

Multiple Choice

The specific­factors model assumes that in each industry
(such as manufacturing and agriculture) there are
Factors of production that are:

• A)less productive.
• B)outsourced to other nations.
• C)fixed or immobile.
• D)very scarce and therefore have a high supply price.

---

Definitions:

City Ordinance

A rule or law enacted by a local government authority to regulate, permit, or prohibit certain activities within its jurisdiction.

Consecutive Sundays

Two or more Sundays that follow one directly after the other without interruption.

Investor Liability

Refers to the legal and financial responsibilities borne by investors, including potential losses or debts incurred from investments.

Statutory Minimum

The lowest amount or level that is legally allowed, often referring to wages, working conditions, or environmental standards.