| 1 |
Cannot be separated from labourer |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 2 |
If an entrepreneur does service, in economics it is called |
- A. Organization
- B. Discipline
- C. Labour
- D. Wage
|
| 3 |
Number of factors of production is |
- A. One
- B. Two
- C. Three
- D. Four
|
| 4 |
When price decreases, supply: |
- A. Contracts
- B. Expands
- C. Remains fixed
- D. Becomes zero
|
| 5 |
When supply increases due to rise price, it is called: |
- A. Fall in supply
- B. Contraction in supply
- C. Expansion in supply
- D. Rise in supply
|
| 6 |
Mental or physical work undertaken for reward by human being is called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 7 |
If quantity supplied changed in response to change in price, is known as: |
- A. Ed
- B. Es
- C. More Elastic
- D. Less Elastic
|
| 8 |
Fourth factor of production is called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 9 |
The factor of production which is used to produce more wealth or increase income is called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 10 |
In case of horizontal supply curve, Es is: |
- A. Mero than unity
- B. Less than unity
- C. Zero
- D. Infinite
|
