Productivity

Q.

Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.

Q.

What Is the Law of Production Function?

Q.

The only way to increase outputs is to increase the inputs.

1. True

2. False

Q.

The only way to increase outputs is to increase the inputs. State true or false.

1. True

2. False

Q.

In the post industrial period, ___ was the driver of economic growth.

Q. The influence of secondary sector grew during the _____ revolution that took place in 17th century.

1. Russian
2. French
3. American
4. Industrial

Q. Answer the following questions

Explain the concept of Land productivity.

Q. During a period of increased demand for the firm's produce in the market, the firm took a bank overdraft, bought raw materials with that amount and increased production this is a case of:

1. a short run adjustment
2. a long run adjustment
3. a financial adjustment
4. none of the above

Q. By employing additional unit of labour to other fixed factor of production, if the total output increases at a constant rate, this phenomena is known as ______.

1. Law of increasing returns to scale
2. Law of constant returns
3. Law of decreasing returns to scale
4. Law of increasing returns