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.

---

Definitions:

Celebrity Photographs

Images or pictures featuring well-known public figures, often used for media, memorabilia, or commercial purposes.

Column Inches

A unit of measurement used in advertising and print media to determine the cost of ads based on the space they occupy, traditionally one column wide by one inch high.

Statistical Consultant

A professional who provides advice on the use of statistical methods, data analysis, and interpretation of statistical results.

Production Function

A mathematical representation that illustrates the link between inputs in production and the outcome produced.