Question

Regarding increasing productivity, factor mobility is

a.Important in that it helps to fix a stable labor-intensive production process.

b.Important in that it helps to fix a stable capital-intensive production process.

c.Important in that it helps to reallocate resources in a dynamic economy.

d.Not important in either a stable or dynamic economy.

Answer 1

I believe the correct answer from the choices listed above is option C. Regarding increasing productivity, factor mobility is important in that it helps to reallocate resources in a dynamic economy. Hope this answers the question. Have a nice day.