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A labourer's income can be negative. - Economic Applications

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Question

A labourer's income can be negative.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is False.

Explanation:

A labourer's income is the wages or salary earned for work performed. Unlike an entrepreneur, whose income can be negative if the business incurs losses, a labourer's income cannot be negative. If a labourer is not employed or not paid, the income would be zero, but it cannot go below zero into negative territory.

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Chapter 4: Factors of Production - QUESTIONS [Page 112]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 50. | Page 112
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