In the specific factors model, labor is defined as a(an)

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BlackTom AI · Accepted Answer

The question asks about how labor is defined in the specific factors model.
Option A: 'variable factor.' While labor can be adjusted across time, the specific factors model treats labor as flexible across sectors in the short run, so calling it a 'variable factor' is not the standard characterization used in this framework.
Option B: 'intensive factor.' This label is not used in the model to describe labor. 'Intensive' typically refers to inputs like capital-intensive or labor-intensive production, not to a property of labor itself within this model.
Option C: 'specific factor.' In the specific factors model, capital and land are considered specific factors tied to particular sectors, whereas labor is not; thus labor is not a specific factor.
Option D: 'mobile factor.' Correct. The key feature of the specific factors model is that labor is assumed to be mobile across sectors (it can move between the industries), while capital and land are sector-specific. This mobility of labor is what allows it to reallocate in response to relative price changes.
Option E: 'fixed factor.' This would imply labor cannot move or adjust, which contradicts the model’s premise of labor mobility across sectors.
Therefore, the accurate description among the options is that labor is a mobile factor in the specific factors model.

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In the specific factors model, labor is defined as a(an)

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