Factors of Production

Q.

What is the state of rural infrastructure in India?

Q.

The Mumbai High and Vasai High are called

Q.

Which Of The Following Is A Fixed Capital?

1. Seeds

2. Tools

3. Clay

4. Yam

Q.

How can one classify the capital?

Q.

Q. Points outside the PPC are _________.

1. attainable with the existing technology
2. not attainable with the existing resources and technology
3. suggest that the country's factors are underemployed
4. inefficient

Q. State with reason, whether you agree or disagree

Energy sector does not face any problems in India.

Q. What are known as factors of production?

Q. Which factors lead to a shift of the PPC?

Q. _______ determine shape of the production-possibility frontier.

1. Prices and profit
2. Advertisement and fashion
3. Technology and resources
4. Tastes and profits

Q. Generally, the production possibility curve(PPC) is __________ to the origin.

1. parallel
2. convex
3. concave
4. perpendicular

Q. Which of the following statement is not true with respect to a two-sector model?

1. In factor markets, households supply labour, entrepreneurial ability, and other factors of production to firms.
2. In two-sector model, entrepreneurial ability, and other factors of production are supplied by households.
3. In factor markets, households receive wages and other payments from firms in exchange for supplying the factors of production.
4. Firms purchase goods and services from households in product markets.

Q. Outline the steps required to be taken In deriving saving curve from the given consumption curve. Use diagram.