A factor of production that can be used in any sector of an economy is a(an)
A) import-competing factor.
B) export-competing factor.
C) mobile factor.
D) variable factor.
E) specific factor.

Question

Quizplus · Accepted Answer

A mobile factor is one that can be easily moved from one sector to another and can be used in any sector of the economy. Examples of mobile factors include labor or capital that is not tied to a specific industry or location. Compared to import-competing and export-competing factors, which are specific to a particular industry or sector, a mobile factor is more flexible and adaptable to changing economic conditions.

A Factor of Production That Can Be Used in Any