| 1 |
In modern term, factors of production are called |
- A. Inputs
- B. Productive services
- C. Inputs and productive services
- D. Production of goods and services
|
| 2 |
As factor of production, river and sea are called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 3 |
In case of horizontal supply curve, Es is: |
- A. Mero than unity
- B. Less than unity
- C. Zero
- D. Infinite
|
| 4 |
Free gift of nature is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 5 |
Perfectly inelastic supply curve is: |
- A. Vertical
- B. Rise upward
- C. Horizontal
- D. Fall downward
|
| 6 |
All the factors of production can be hired except |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 7 |
When supply increases due to rise price, it is called: |
- A. Fall in supply
- B. Contraction in supply
- C. Expansion in supply
- D. Rise in supply
|
| 8 |
If an entrepreneur does service, in economics it is called |
- A. Organization
- B. Discipline
- C. Labour
- D. Wage
|
| 9 |
Stock means the quantity: |
- A. Sold in market
- B. Which is offered for sale
- C. Which exist in warehouse
- D. Of total production
|
| 10 |
If price decreases but supply remains constant, it is called: |
- A. Fall in supply
- B. Contraction in supply
- C. Expansion in supply
- D. Rise in supply
|
