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The movement of resources between old and new industries is an example ofMultiple choice question.changes in capital-intensive production.factor mobility.increases in human capital.GDP growth.

Question

The movement of resources between old and new industries is an example ofMultiple choice question.changes in capital-intensive production.factor mobility.increases in human capital.GDP growth.

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Solution

The movement of resources between old and new industries is an example of factor mobility. This term refers to the ability of labor, capital, or other factors of production to move freely between different industries or geographic regions in response to changes in working conditions, wages, or job opportunities.

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