WAEC Economics 2024 Question 3

Question 3

Theory of Production

Which of the following is not a feature of labour?

  1. A.It is an active factor.
  2. B.It is highly mobile.
  3. C.Its reward is wages or salaries.
  4. D.Its efficiency depends on its size.
Show the answer and explanation

Answer: D (Its efficiency depends on its size.)

Explanation

The efficiency of labour depends on skills, health and tools, not on the number of workers.