When workers move from one industry to another in response to demand changes,this is an example of
A)Factor quality.
B)Factor mobility.
C)Capital stock.
D)The decreasing investment in human capital.

Question

Quizplus · Accepted Answer

Factor mobility refers to the ability of factors of production (such as labor) to move from one industry to another in response to changes in demand or profitability. This is a key feature of a dynamic economy in which resources can be allocated efficiently based on changing market conditions.

When Workers Move from One Industry to Another in Response