If a Given Factor of Production Is Highly Mobile Across

question 4

Multiple Choice

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

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

---

Definitions:

Specific Comparisons

Detailed examinations of particular relationships or differences between variables in a dataset.

Overall Differences

The disparities or variations observed when comparing multiple sets of data.

2 × 4 ANOVA

A type of Analysis of Variance test that examines the effect of two independent variables, each with two and four levels respectively, on a dependent variable.

Gender

Social and cultural distinctions associated with being male, female, or non-binary, rather than biological differences.