11th Principles of Economics MCQS Chapter 4

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11th Principles of Economics MCQS
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River, sea, forests, rain are called
Organization
Land
Capital
Labour

Free gift of nature is
Organization
Labour
Capital
Land

Which factor has no pre-determined reward
Organization
Labour
Capital
Land

One of the following is not included in the characteristics of labour
Labour and labourer cannot be separated
Labour has limited mobility
Supply of labour is inelastic
Labour can be stored

Third factor of production is called
organization
land
capital
labour

In modern term, factors of production are called
Inputs and productive services
Production of goods and services
Inputs
Productive services

As factor of production, river and sea are called
Land
Labour
Capital
Organization

Mental or physical work undertaken for reward by human being is called
Labour
Capital
Organization
Land

One of the following is not included in the characteristics of land
Land is a gift of nature
All the pieces of land are not equal infertility
Supply of land is unlimited
Productive capacity of land is limited

Factor of production which is used to earn more income, is called
Labour
Capital
Organization
Land

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