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JAMB Economics 2003 Question 46

Question 46

Theory of Production

Occupational mobility as applied to factors of production means the ease by which

  1. A.factors can be transferred from one form of use to another
  2. B.resources can be transferred from one place to another
  3. C.resources can be transformed from one form to another
  4. D.factors can be transferred from one place to another
Show the answer and explanation

Answer: A (factors can be transferred from one form of use to another)

Explanation

Occupational mobility is the ease of moving a factor from one job or use to another; moving between places is geographical mobility.