Question on: JAMB Economics - 2003
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
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Correct Option: A
Occupational mobility refers to the ability of a factor of production (like labor or capital) to move between different uses or industries. This means being able to switch from one type of job or production process to another.
* **Option A** accurately describes this as the ability of factors to be transferred from one form of use to another, which is the definition of occupational mobility.
* **Option B** refers to geographical mobility, not occupational.
* **Option C** relates to the transformation of resources (e.g., changing raw materials into finished goods) and not occupational mobility.
* **Option D** also refers to geographical mobility, not occupational.
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