The Assumption of Perfect Mobility of Resources in Perfectly Competitive

question 68

Multiple Choice

The assumption of perfect mobility of resources in perfectly competitive input markets implies that

• A)all units of the same input will sell for the same price
• B)the resources will be identical in all markets
• C)unemployment rates may differ in different parts of the country
• D)there will always be enough firms to purchase all available resources

---

Definitions:

Extraversion

A characteristic of a person that involves being extroverted, energetic, and friendly.

Personality Traits

Enduring characteristics that describe an individual's behavior across various situations.

Athletic

Relating to athletes or the physical skills, competencies, and attributes required in sports or physical activities.

Sloppy

Lacking care, precision, or neatness in execution or appearance.