WAEC 2024
Which of the following is not a feature of labour?
- AIt is an active factor
- BIt is highly mobile
- CIts reward is wages or salaries
- DIts efficiency depends on its size
Explanation
Efficiency of labour refers to a worker's productivity, which depends on factors such as education, training, health, and technology, rather than the total size of the labour force.
Related questions
More economics practice around this topic.
There is scarcity when
WAEC 2024
Points within a Production Possibilities Curve (PPC) indicate
WAEC 2024
The pursuit of private profits is a feature of
WAEC 2024
A major feature of the socialist economic system is
WAEC 2024
If the budget on education is $50 m out of an annual national budget of $300 m. The sector of a pie chart representing education is
WAEC 2024
Price elasticity of demand is the responsiveness of quantity demanded to a change in
WAEC 2024