The Specific Factors Model Is Considered as a Model of General

question 8

Multiple Choice

The specific factors model is considered as a model of general equilibrium in the "short-run" because ________.

• A) labor cannot move from one sector to another
• B) labor can move from one sector to another
• C) capital can move from one sector to another
• D) capital and land are each specific to one sector

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Definitions:

Emotional Response

The psychological and physical reactions to emotional stimuli, affecting mood and behavior.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.

Researcher's Hypothesis

A statement or prediction that a researcher sets out to test through experimental or observational study.

Cues

Signals or stimuli that trigger a reaction or encourage a specific response or behavior in humans or animals.