[{"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},{"id":100514,"question":"Land as used in economics","choices":[{"text":"is a free gift of nature","value":"A"},{"text":"is unlimited in quantity","value":"B"},{"text":"is not hirable","value":"C"},{"text":"excludes oceans","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":100513,"question":"Economic development of a country requires","choices":[{"text":"skilled lobour","value":"A"},{"text":"diplomacy","value":"B"},{"text":"abundant natural resources","value":"C"},{"text":"a and c of aboce","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100512,"question":"Land means","choices":[{"text":"sea","value":"A"},{"text":"surface of earth","value":"B"},{"text":"natural forests","value":"C"},{"text":"all natural resources","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":100511,"question":"The three broad types of productive resources are","choices":[{"text":"money, profit and interest","value":"A"},{"text":"capital, labour and natural resources","value":"B"},{"text":"labour, stock shares and deposits","value":"C"},{"text":"technology, landl and markets","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":100510,"question":"Labour is hirable but you cannot hire","choices":[{"text":"capital","value":"A"},{"text":"land","value":"B"},{"text":"manager","value":"C"},{"text":"entrepreneur","value":"D"},{"value":"E"}],"correctAnswer":4}]