Factor Mobility Refers to

question 113

Multiple Choice

Factor mobility refers to

• A)Technological change in the use of capital.
• B)The ease of reallocating resources.
• C)Technological change in the use of labor.
• D)The increase in labor productivity.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Variation

The occurrence of differences in characteristics, traits, or outcomes among individuals within a population, group, or process.

Statistically Significant

A term indicating that the likelihood a result happened by chance is low, often used in research to confirm the reliability of findings.

Variability

The degree to which data points in a statistical distribution or set diverge from the average value and from each other.