Consider a Manufacturing Plant as an Example of Physical Capital

question 89

Multiple Choice

Consider a manufacturing plant as an example of physical capital.Factor mobility with regard to this physical capital refers to

• A)the ease with which this plant can be relocated to another location.
• B)only the long- run concept of mobility because it is physical capital.
• C)the ease with which this plant can be converted to a different use.
• D)the ease with which the labour employed at the plant can be retrained to produce a different product.
• E)the elasticity of supply of the labour employed in the plant.

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Definitions:

Professions

Occupations requiring specialized knowledge and often long and intensive academic preparation.

Industries

Broad categories that represent the various sectors of the economy, such as technology, healthcare, and finance.

Résumé

A document created by a person to present their background, skills, and accomplishments for securing new employment.

Audience

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