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

Question

Quizplus · Accepted Answer

Once a factory is designed and built for a specific purpose, it can be difficult and expensive to move to a new location, making it less mobile than other factors such as labour and land.

Which of the Following Statements Concerning Factor Mobility Is FALSE