A Factor of Production That Cannot Be Used Outside of a Particular

question 70

Multiple Choice

A factor of production that cannot be used outside of a particular sector of an economy is a(an)

• A) specific factor.
• B) mobile factor.
• C) variable factor.
• D) import-competing factor.
• E) export-competing factor.

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Definitions:

Servant Leadership Approach

A leadership philosophy in which the leader’s main goal is to serve others, prioritizing the well-being of their team members and encouraging their growth.

Leader Courage

The attribute of leaders that enables them to confront fear, pain, danger, uncertainty, or intimidation within their leadership roles.

Humility

A personal quality characterized by a lack of arrogance or pride and a recognition of one's limitations and the value of others.

Societal Impact

The effect an organization, individual, or action has on the broader social, economic, and environmental context in which it operates.