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Management · Q737

International Finance and Treasury

Graduate and Post Graduate · Management · question 737

Q737

In real world, all factors of production are perfectly

A.
Mobile
B.
Immobile
Answer
C.
Somewhat mobile
D.
All of answers are correct

Answer: Option B

Solution

Answer: Option B
Solution:
In real world, all factors of production are perfectly immobile. Factors of production are the inputs needed for the creation of a good or service. The factors of production include land, labor, entrepreneurship, and capital.