Goods and services

Q. How do you define production?

1. Production is the process of producing goods and services to satisfy human wants.
2. None of the above.
3. Production is the process of producing only goods to satisfy human wants.
4. Production is the process of producing only services to satisfy human wants.

Q.

Is furniture a fixed asset?

Q. What is the difference between goods and services?

1. Services are tangible whereas goods are intangible.
2. Goods are bought whereas services cannot be bought.
3. Goods are tangible whereas services are intangible.
4. There is no difference.

Q. _____ are visible and tangible items that satisfy human wants.

1. Goods
2. Services
3. Labour
4. None of the above.

Q. Which of the following are examples of goods?

1. Teaching
2. Clothes
3. Carpenting
4. Books

Q. Which of the following are considered as factors of production?

1. Labour
2. Capital
3. All of the above
4. Land

Q.

What is the key to economic growth and development?

Q. Choose the correct option describing the two statements given below.

Assertion(A): Doctors are considered services rather than goods.

Reason(R): This is because the work done by the doctor is not tangible.

1. A is true but R is false.
2. Both A and R are false.
3. A is false but R is true.
4. Both A and R are true and R is the correct explanation of A.

Q. What is the aim of production?

Q. The intangible work carried out by a worker is known as ______.

1. services
2. goods
3. capital
4. labour

Q. Which of the following can be considered to provide a service?

1. Toothpaste
2. Teachers
3. Doctors
4. Books

Q. Materials that satisfy human wants are termed as goods.

1. True
2. False

Q. How is maintaining the production of a single good at the same level and increasing the production of other goods possible?

1. By technological improvement in the production of the goods whose production is being increased
2. By reducing cost of production of one of the goods
3. By reducing cost of production of both of the goods
4. By technological improvement in the production of both the goods

Q. Distinguish between tangible heritage and intangible heritage

Q. Choose the one which best expresses the meaning of
VOCATION

1. Hobby
2. Occupation
3. Post
4. Employment

Q. Maintaining the production of one goods at the same level and increasing the production of other goods is possible only ______.

1. by technological improvement in the production of both the goods
2. by technological improvement in the production of the goods whose production is being increased
3. by reducing cost of production of both of them
4. by reducing cost of production of one of these

Q.

like patrick in the story who did patricks homework , taro is helped by magic.do you belive in magic ? what are the magical thigs that happen in these stories ?

Q. What makes the writer think that he was a good doctor?

Q. Which states is the biggest supplier of grains, vegetables, and flowers to Kerala?

Q.

1. True
2. False