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One characteristic of labour is that it is_____.*1 pointA. fixed in demandB. fixed in supplyC. mobileD. untrainable

Question

One characteristic of labour is that it is_____.*1 pointA. fixed in demandB. fixed in supplyC. mobileD. untrainable

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Solution

To answer the question, we need to understand the characteristics of labor.

The given options are:

A. Fixed in demand B. Fixed in supply C. Mobile D. Untrainable

To determine the correct answer, let's analyze each option:

A. Fixed in demand: This means that the demand for labor remains constant and does not change. However, labor demand can vary depending on economic conditions, industry trends, and technological advancements. Therefore, labor is not fixed in demand.

B. Fixed in supply: This implies that the supply of labor remains constant and does not change. However, the supply of labor can fluctuate due to factors such as population growth, migration, and changes in workforce participation rates. Therefore, labor is not fixed in supply.

C. Mobile: This means that labor is capable of moving or changing locations. Labor mobility refers to the ability of workers to relocate to areas with better job opportunities or higher wages. Labor mobility is an important characteristic of labor as it allows for the efficient allocation of resources. Therefore, labor can be considered mobile.

D. Untrainable: This suggests that labor cannot be trained or developed. However, labor can acquire new skills and knowledge through education, training programs, and on-the-job experience. Therefore, labor is trainable.

Based on the analysis, the correct answer is C. Mobile.

This problem has been solved

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