CSS :: Production and Production Function
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1. |
Labour is hirable but you cannot hire: |
A. |
Capital |
B. |
Land |
C. |
Manager |
D. |
Entrepreneur |
Answer: Option D
Explanation:
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2. |
The three broad types of productive resources are: |
A. |
Money profit and interest |
B. |
Capital, labour and natural resources |
C. |
Bond, stock shares and deposits |
D. |
Technology, human capital and markets |
Answer: Option B
Explanation:
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3. |
Land means: |
A. |
Sea |
B. |
Surface of earth |
C. |
Natural forests |
D. |
All natural resources |
Answer: Option D
Explanation:
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4. |
Economic development of a country requires: |
A. |
Skilled labour |
B. |
Diplomacy |
C. |
Abundant natural resources |
D. |
(a) and (c) of above |
Answer: Option D
Explanation:
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5. |
Productivity of land can be raised by: |
A. |
Extensive cultivation |
B. |
Intensive cultivation |
C. |
Better marketing |
D. |
(a) and (b) of above |
Answer: Option B
Explanation:
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6. |
Land : |
A. |
Is a free gift of nature |
B. |
Lacks geographical mobility |
C. |
Is not hirable |
D. |
(a) and (b) of above |
Answer: Option D
Explanation:
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7. |
Which of the following is NOT and input: |
A. |
Labour |
B. |
Entrepreneurship |
C. |
Natural resources |
D. |
Production |
Answer: Option D
Explanation:
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8. |
Which of the following input factor takes risk innovtes and coordinates: |
A. |
Capital |
B. |
Labour |
C. |
Productivity |
D. |
Entrepreneur |
Answer: Option D
Explanation:
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9. |
Which of the following is correct with respect to resources: |
A. |
Money is a capital good |
B. |
Human skills are a labour input |
C. |
Entrepreneur is part of the labour input |
D. |
Natural resources include human input |
Answer: Option B
Explanation:
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10. |
The transformation of resources into economic goods and series is called: |
A. |
Technical efficiency |
B. |
Input |
C. |
Production |
D. |
Increasing returns |
Answer: Option C
Explanation:
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