Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what are the ‘lessons’ of the specifi

What are the ‘Lessons’ of the Specific Factor Model? Demonstrate this lesson using formal modeling (either...

70.2K

Verified Solution

Question

Economics

What are the ‘Lessons’ of the Specific Factor Model? Demonstratethis lesson using formal modeling (either graphs or equations).

Answer & Explanation Solved by verified expert
4.2 Ratings (745 Votes)
Answer Lessens Result of Specific Factor Model SFM The Specific factor model SFM is generally used to determine or showcase the effects of changing economy on different type of aspect like factor return output level and allocation of labours In SFM there are Many types of economic changes that can be considered involving a movement to trade free and sometimes the implementation of a tariff or quota it can be development of the labor or capital endowment or may be technological    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Below are data for the number of students in each of four age groups that are...

Basic Math
Q

Design an 8-bit adder. Show Verilog code and testbench.

Electrical Engineering
Q

The following selected transactions were completed by Capers Company during October of the current year: Oct. 1 Purchased merchandise...

Accounting
Q

Which of the following is the organ system that transportssignals from the brain to the...

Biology
Q

4 The current density varies with radial distance r as J ar in a cylindrical...

Physics
Q

Let g x 2 x 4 a Find the domain of Let f x b...

Basic Math
Q

Order 2 grams antibiotic divided into 2 doses Available 750mg 5mL suspension How many mL...

Algebra
Q

John Chang has been operating a plumbing business as a proprietorship (John Chang Plumbing). The...

Accounting
Q

An increase in accounts receivable represents an increase in net cash provided by operating...

Accounting
Q

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:...

Accounting
Q

During the month of May 2019, Candace Mfg Co, incurred P30,000, P40,000, and P20,000 of...

Accounting
Q

Activity rates and product costs using activity-based cost Idris Inc. manufactures entry and dining...

Accounting