The Focus of Factor Proportions Theory Is on the ________

question 62

Multiple Choice

The focus of factor proportions theory is on the ________.

• A) productivity of the production process
• B) cost-effectiveness of the production process
• C) use of depleting production factors
• D) use of expensive production factors

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Definitions:

Existential Import

The quality of a proposition or statement that implies the existence of something.

Syllogism Validity

The measure of whether a deductive argument is logically sound, where the conclusion necessarily follows from the premises if they are true.

Traditional View

This refers to beliefs, values, or practices that have been handed down within a culture or society over generations.

Existential Import

The attribute of a propositional statement implying the existence of at least one instance of the subject matter.