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:

Checked-Out Materials

Items or resources that have been borrowed from a library or similar institution, typically requiring eventual return or renewal.

Historical Expectation

Historical expectation refers to the anticipated outcome based on historical data or past events.

Distribution

The way in which something is shared or exists over a particular area or among a particular group, or the arrangement of values showing their frequency.

Fair Dice

A fair dice refers to a die that has an equal probability of landing on any of its faces when thrown, indicating no bias in its design or roll outcome.