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Which of the following statements is TRUE? - Economic Applications

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Question

Which of the following statements is TRUE?

Options

  • The labourer sells himself when he takes up a job as he is completely involved in it.

  • The supply of labour is fixed.

  • Labour carries with it an element of judgement or inteligence.

  • Labour performing the same kind of job will have the same efficiency.

MCQ
True or False

Solution

Labour carries with it an element of judgement or inteligence.

Explanation:

This statement is true because labour involves not just physical effort but also mental effort, including the use of judgment, decision-making, and intelligence in performing tasks.

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Chapter 4: Factors of Production - QUESTIONS [Page 111]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 37. | Page 111
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