Factors of Production
Trending Questions
Q.
Explain the problem of how to produce
Q. Which of the following is not a factor of production?
- Land
- Labour
- Capital
- Servicing
Q. Land, labour, physical capital and human capital are collectively known as _______.
- none of the above
- factors of politics
- factors of education
- factors of production
Q. What is the reward received by land as a factor of production?
- Rent
- Interest
- Wage
- Profit
Q. Which of the following are not the rewards received by land as a factor of production?
- Profit
- Interest
- Wage
- Rent
Q. Which of the following are not economic resources?
- Air
- Water
- Sunlight
- All of the above
Q. The physical and intellectual effort put in by individuals in exchange for money can be termed as:
- Labour
- Commodity
- Physical Capital
- Utility
Q. How many factors are required for production of goods and services?
- Four
- Eight
- Two
- Five
Q. Which of the following statements do not describe land as a factor of production?
- Land as a factor of production is movable.
- All natural resources fall under land as a factor of production.
- The reward received by land as a factor of production is rent.
- Land is the factor that supports the other factors of production.
Q. Which of the following resources fall under land as a factor of production?
- Soil
- Money
- Machinery
- Water
Q. Which of the factors of production are movable in manner?
- Labour
- Land
- Capital
- Organisation
Q. How is human capital or resource different from other resources like land and physical capital?
Q. What are the four factors of production and what are the remuneration to each of these called?