Productivity

Q.

What is meant by the value-added method?

Q.

What causes an increase in the inventory stock?

Q.

CPU efficiency is very less in case of?

Q. Productivity is defined as .

1. Output - Input
2. Ouput + Input
3. $\frac{Input}{Output}$
4. $\frac{Output}{Input}$

Q. What is the basic difference between short run production function and long run production function?

Q. The two ways of increasing output are by increasing or by increasing productivity.

1. inputs
2. cost
3. revenues
4. population

Q.

What is returns to input?

Q.

Which term is used to describe RAM?

1. Dynamic RAM (DRAM)

2. Static RAM (SRAM)

3. Video RAM (VRAM)

4. All of the above

Q.

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

Q. Write explanatory answer.
Explain the output method of measuring national income.

Q. The planning authority is expected to choose a production technique that ensures that the available resources are _____________.

1. fully utilised
2. over utilised
3. either B or C
4. under utilised

Q.

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

1. True

2. False

Q. ________ is a situation when more of one commodity can be produced without sacrificing the output of another commodity.

1. social efficiency
2. production efficiency
3. distribution efficiency
4. all the three

Q. Equal product curves (Iso-quants) slope

1. Downwards to the left
2. Downwards to the right
3. Upwards to right
4. Upwards to left

Q. The Cobb-Douglas production function implies:

1. Increasing return to scale
2. Decreasing return to scale
3. Constant return to scale
4. Laws of returns