Which of the Following Statements Concerning Factor Mobility Is FALSE

question 94

Multiple Choice

Which of the following statements concerning factor mobility is FALSE?

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

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Definitions:

Corporate Default

Occurs when a company fails to meet its legal obligations or promises, especially regarding the repayment of its debts.

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Costs incurred by a business or individual for legal services, including lawyer fees, court fees, and other expenses related to legal processes.