Questions
SESS0063_24-25 Test your knowledge
Single choice
In the four-quadrant diagram of the specific factors model, the graph in the upper right quadrant is a country's
Options
A.A. production function for food.
B.B. production function for cloth.
C.C. production possibility frontier.
D.D. labor supply curve.
E.E. labor allocation constraint.
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Step-by-Step Analysis
The question asks about the four-quadrant diagram of the specific factors model and identifies what the graph in the upper right quadrant represents.
Option A: 'production function for food.' While the model involves two outputs (cloth and food), the standard four-quadrant diagram assigns the different quadrants to the production activities of each good. The upper-right quadrant is ......Login to view full explanationLog in for full answers
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