Solved

Suppose Labor and Capital Are the Only Two Resources Used

Question 153

Multiple Choice

Suppose labor and capital are the only two resources used for production. In the long run:


A) both capital and labor can move freely between sectors.
B) only labor can move between sectors.
C) only capital can move between sectors.
D) both capital and labor are blocked from moving between sectors.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions