Which of the Following Statements Concerning Factor Mobility Is FALSE

question 6

Multiple Choice

Which of the following statements concerning factor mobility is FALSE?

• A)Land is a mobile resource in an economic sense,because it has many alternative uses.
• B)Once it is in place,a factory designed and built for a specific purpose is highly mobile.
• C)The allocation of labour tends to depend more on non-monetary considerations than does the allocation of either land or capital.
• D)The elasticity of the supply of labour to any particular use is likely to be greater in the long run than in the short run.
• E)Factor mobility is an important determinant of economic rent.

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Definitions:

LSAT Scores

These are the results from the Law School Admission Test, which is a standardized test used for admissions into law schools in the United States and several other countries.

Fisher's LSD Method

A post-hoc test named after Ronald Fisher, used in statistics to perform multiple comparisons after an ANOVA, determining if there are significant differences between pairs of group means.

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F-Test

A statistical test used to compare the variances of two populations, based on sample data from those populations.