Multiple Choice
Which of the following statements concerning factor mobility is FALSE?
A) Land is a mobile resource in an economic sense,because it has many alternative uses.
B) Once it is in place,a factory designed and built for a specific purpose is highly mobile.
C) The allocation of labour tends to depend more on non-monetary considerations than does the allocation of either land or capital.
D) The elasticity of the supply of labour to any particular use is likely to be greater in the long run than in the short run.
E) Factor mobility is an important determinant of economic rent.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Consider the following demand and supply curves
Q2: The diagram below shows the MRP curve
Q3: Suppose that the municipal government of Calgary
Q4: Consider the following production and cost schedule
Q5: Consider the following demand and supply curves
Q7: The table below shows the total production
Q8: Suppose the government decides,in the interest of
Q9: Consider the following production and cost schedule
Q10: Consider the following production and cost schedule
Q11: Kobe Bryant is a highly paid professional