The mobility of factors of production between countries can take the form of a. transfer of financial assets between countries in the form of debt and loans b. export and import trade c. transactions between multinational companies in the form of FDI d. international labor migration

The mobility of factors of production between countries can take the form of a. transfer of financial assets between countries in the form of debt and loans b. export and import trade c. transactions between multinational companies in the form of FDI d. international labor migration

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 14E

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Concept explainers

Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.

Question

The mobility of factors of production between countries can take the form of
a. transfer of financial assets between countries in the form of debt and loans
b. export and import trade
c. transactions between multinational companies in the form of FDI
d. international labor migration

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