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:

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Tastefully Use

To employ or apply something in a manner that is aesthetically pleasing, respectful, or appropriate for the context.

Basic Income

A socioeconomic policy of providing all citizens with a regular, unconditional sum of money, regardless of employment status or other income.

Large Inequalities

Substantial discrepancies in income, wealth, access to resources, and quality of life among different populations or groups within a society.