[{"id":100534,"question":"According to Malthus, population increase by","choices":[{"text":"arithmetic progression","value":"A"},{"text":"geometric progression","value":"B"},{"text":"systematic progression","value":"C"},{"text":"automatic progression","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100533,"question":"If a firm increases the ratio of capital to labour, it becomes more","choices":[{"text":"labour intensive","value":"A"},{"text":"capital intensive","value":"B"},{"text":"output intensive","value":"C"},{"text":"input intensive","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100532,"question":"Land, labour and capital are needed to produce goods. They are collectively called","choices":[{"text":"elements of production","value":"A"},{"text":"factors of production","value":"B"},{"text":"tools of production","value":"C"},{"text":"cost of production","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100531,"question":"Which is true","choices":[{"text":"labour produces land","value":"A"},{"text":"land produces labour","value":"B"},{"text":"labour produces capital","value":"C"},{"text":"capital produces labour","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":100530,"question":"Production in economic means","choices":[{"text":"factors of production","value":"A"},{"text":"doing some job","value":"B"},{"text":"output of goods","value":"C"},{"text":"profit","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":100529,"question":"An example of natural resource is","choices":[{"text":"factory","value":"A"},{"text":"skilled doctor","value":"B"},{"text":"oil reserves in the ground","value":"C"},{"text":"oil reserves in storage tank","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":100528,"question":"Natural environment that supports production of goods and services is included in","choices":[{"text":"labour","value":"A"},{"text":"money","value":"B"},{"text":"capital","value":"C"},{"text":"land","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100527,"question":"Productivity of land can be raised by","choices":[{"text":"decreasing farm size","value":"A"},{"text":"intensive cultivation","value":"B"},{"text":"better marketing","value":"C"},{"text":"increasing money supply","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100526,"question":"Standard of living of a country can be raised if it increases","choices":[{"text":"labour force","value":"A"},{"text":"production","value":"B"},{"text":"money supply","value":"C"},{"text":"exports","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100525,"question":"For production of goods we need factors","choices":[{"text":"few","value":"A"},{"text":"2","value":"B"},{"text":"4","value":"C"},{"text":"unlimited","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":100524,"question":"The transformation of resources into economic gods and services is","choices":[{"text":"input","value":"A"},{"text":"production","value":"B"},{"text":"entrepreneur","value":"C"},{"text":"market","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100523,"question":"Which of the following factors takes risk, innovates and coordinates","choices":[{"text":"capital","value":"A"},{"text":"labour","value":"B"},{"text":"bank","value":"C"},{"text":"entrepreneur","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100522,"question":"The following is <i>NOT</i>a factor of production","choices":[{"text":"labour","value":"A"},{"text":"entrepreneurship","value":"B"},{"text":"land","value":"C"},{"text":"money","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100521,"question":"Geographical mobility is not possible for","choices":[{"text":"land","value":"A"},{"text":"labour","value":"B"},{"text":"capital","value":"C"},{"text":"wealth","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":100520,"question":"Land is","choices":[{"text":"hirable","value":"A"},{"text":"not hirable","value":"B"},{"text":"homogeneous","value":"C"},{"text":"a form of capital","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":100519,"question":"Economic goods produced by firms are called","choices":[{"text":"productivity","value":"A"},{"text":"innovation","value":"B"},{"text":"technological progress","value":"C"},{"text":"output","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100518,"question":"The transformation of resources into economic goods and services is called","choices":[{"text":"technical efficiency","value":"A"},{"text":"input","value":"B"},{"text":"production","value":"C"},{"text":"increasing returns","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":100517,"question":"Which of the following is correct with respect to resources","choices":[{"text":"Money is a capital good","value":"A"},{"text":"Human skills are a labour input","value":"B"},{"text":"Entrepreneur is part of the labour input","value":"C"},{"text":"Natural resources include human input","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100516,"question":"Which of the following input factor takes risk, innovates and coordinates","choices":[{"text":"capital","value":"A"},{"text":"labour","value":"B"},{"text":"productivity","value":"C"},{"text":"entrepreneur","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100515,"question":"Which of the following is NOT an input","choices":[{"text":"labour","value":"A"},{"text":"entrepreneurship","value":"B"},{"text":"natural resources","value":"C"},{"text":"production","value":"D"},{"value":"E"}],"correctAnswer":4}]