Multiple choice

Which of the statements is correct?

  1. Land is a highly mobile factor of production.

  2. Man cannot create matter.

  3. The services of housewife are termed as production in economics.

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Land is geographically immobile - it cannot be moved, so A is incorrect. Housewife services are not counted as production in national income accounting, so C is incorrect. The law of conservation of matter states matter cannot be created or destroyed, only transformed - making B correct.

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