Occupational mobility as applied to factors of production means the ease by which?
A. factors can be transferred from one form of use to another B. resources can be transferred from one place to another C. resources can be transformed from one form to another D. factors can be transferred from one place to another Correct Answer: Option A –...
The demand for labour is an example of?
A. composite demand B. joint demand C. derived demand D. competitive demand Correct Answer: Option C – derived demand
When a union is composed of workers with the same skill; it is termed?
A. a technical union B. a craft union C. an industrial union D. a workers’ union Correct Answer: Option B – a craft union
Two basic features common to an industry are?
A. production processes and source of capital B. source of capital and labour supply C. similarity of products and source of raw materials D. similarity of products and production processes Correct Answer: Option D – similarity of products and production...Products
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