Suppose Labor and Capital Are the Only Two Resources

question 23

Multiple Choice

Suppose labor and capital are the only two resources
Used for production.In the long run:

• A)both capital and labor can move freely between sectors.
• B)only labor can move between sectors.
• C)only capital can move between sectors.
• D)both capital and labor are blocked from moving between sectors.

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Definitions:

Professional Behaviour

Conduct that is ethical, considerate, and in adherence to workplace norms and policies.

Extended Gaze

A prolonged look or stare directed towards someone or something, often indicating interest or scrutiny.

Arabs

Refers to people from the Arabic-speaking countries located primarily in the Middle East and North Africa.

Europeans

People native to or residing within the continent of Europe, often relating to the cultural, social, and political characteristics of this diverse region.