1. Land is subject to ___________ returns.
diminishing
constant
negative
increasing
2. ___________ is regarded as a primary factor of
production.
Land
Labour
Capital
Entrepreneur
3. Capital is an _____________ factor of Production.
real
man made
natural
free
4. Land is a free gift of __________
nature
human
nation
foreign
5. _________ is a leader of organization.
A capitalist
A consumer
A seller
An organizer
6. Labour is ___________
mortal
perishable
convertible
storable
7. Uncertainty bearing is the function of __________
land
labour
entrepreneur
capital
8. Labour is ______ factor of production
perfectly mobile
perfectly immobile
imperfectly mobile
perfectly movable
9. ____________ is essential for the formation of capital.
saving
labour
land
expenditure
10. The reward of an entrepreneur is called ____________
wages
rent
interest
profit