If a Given Factor of Production Is Highly Mobile Across

question 39

Multiple Choice

If a given factor of production is highly mobile across alternative uses,the factor's supply is

• A)perfectly inelastic.
• B)highly price inelastic.
• C)immobile at the industry level.
• D)highly price elastic.
• E)irrelevant to its earnings.

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Definitions:

Control Belief

The perception of the extent to which one has power over their own environment and outcomes.

Pessimistic

Characterized by a tendency to see the worst aspect of things or believe that the worst will happen.

Genetic Predispositions

The inherited genetic patterns that influence an organism's traits, behaviors, or vulnerability to certain diseases.

Social And Environmental Conditions

External factors, including society's structures, culture, and the physical environment, that influence individuals' lives and development.