Factors Tend to Be Specific to Certain Uses and Products

question 49

Multiple Choice

Factors tend to be specific to certain uses and products

• A) in the short run.
• B) in countries lacking comparative advantage.
• C) in capital-intensive industries.
• D) in labor-intensive industries.
• E) in countries lacking fair labor laws.

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Definitions:

Ongoing Learning

The consistent and continual process of gaining new knowledge or skills throughout one's life or career.

Clients

Individuals or organizations that use the professional services or advice of another person or group.

Legitimate Power

Authority that is recognized and accepted by others within an organizational or societal structure, typically granted through a formal role or position.

Coercive Power

The ability to force someone to do something against their will, using threats, punishment, or control.