11th Class Principles of Economics MCQS Part I: Factors of Production Online Test 2

3-cp-3-e-the-relationship-between-price-and-supply-is-3-a-3-c-2-fp-3-e_-_3-cp-3-edirect-3-c-2-fp-3-e,3-cp-3-e-tractor-2-c-harvester-2-c-thrasher-etc-are-the-example-of-factor-of-production-3-a-3-c-2-fp-3-e_-_3-cp-3-ecapital-3-c-2-fp-3-e,3-cp-3-e-under-decreasing-return-2-c-the-slope-of-marginal-product-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-under-monopoly-average-revenue-curve-remains-the-marginal-revenue-curve-3-a-3-c-2-fp-3-e_-_3-cp-3-e-above-3-c-2-fp-3-e,3-cp-3-e-wages-of-temporary-labourers-are-3-a-3-c-2-fp-3-e_-_3-cp-3-e-variable-cost-3-c-2-fp-3-e,3-cp-3-e-when-average-production-decreases-2-c-marginal-production-3-a-3-c-2-fp-3-e_-_3-cp-3-eis-less-than-average-production-3-c-2-fp-3-e,3-cp-3-e-when-price-2-c-mr-and-ar-are-equal-2-c-market-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eperfect-competition-3-c-2-fp-3-e,3-cp-3-e-which-economist-considered-economics-as-impartial-science-3-f-3-c-2-fp-3-e_-_3-cp-3-e-robbins-3-c-2-fp-3-e,3-cp-3-e-which-one-of-the-following-is-transfer-payments-3-a-3-c-2-fp-3-e_-_3-cp-3-eunemployment-allowances-3-c-2-fp-3-e,air-and-rain-are-included-in-factors-of-production-3-a_-_land,all-the-factors-of-production-can-be-hired-except-3-a_-_organization,capital-is-that-part-of-wealth-of-a-person-which-is-used-to-get-income-this-definition-of-capital-is-presented-by-3-a_-_adam-smith,due-to-increase-in-wage-rate-2-c-the-supply-of-labour-will-3-a_-_increase,immortal-factor-of-production-is-3-a_-_land,in-economics-2-c-every-mental-or-physical-struggle-undertakes-for-neward-is-called-3-a_-_entrepreneur,it-cannot-be-separated-from-labourer-3-a_-_labour,mental-and-physical-work-undertaken-for-reward-by-human-being-is-called-3-a_-_labour,number-of-factors-of-production-is-3-a_-_four,one-of-the-following-is-not-included-in-labour-3-a_-_to-look-after-the-child-by-his-mother,one-of-the-following-is-not-included-in-the-characteristics-of-labour-3-a_-_labour-can-be-stored,the-basic-factor-of-production-is-3-a_-_land,which-factor-cannot-be-stored-3-a_-_labour,which-factor-is-the-oldest-and-basic-factor-of-production-3-a_-_land,which-one-is-not-called-land-3-a_-_rain