CSEC POB - Section 5 - Production

CSEC POB - Section 5 - Production

Assessment

Flashcard

Business

9th - 10th Grade

Practice Problem

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Wayground Content

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106 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is a primary need? money, transport, land, food

Back

food

2.

FLASHCARD QUESTION

Front

Which of the following is not a factor of production? food, land, labour, capital

Back

food

3.

FLASHCARD QUESTION

Front

In a subsistence economy the main source of production is: exports, manufacturing, agriculture, mining

Back

agriculture

4.

FLASHCARD QUESTION

Front

Which of the following is a diseconomy of scale? extensive advertising is practicable , labour-saving machinery can be used, more capital is available, lines of communication can become complex

Back

lines of communication can become complex

5.

FLASHCARD QUESTION

Front

Fixed capital includes: buildings, stocks, bank balance, stationery

Back

buildings

6.

FLASHCARD QUESTION

Front

The Law of Diminishing Returns states that with additions to labour:

Back

marginal output falls

7.

FLASHCARD QUESTION

Front

The labour force of a country is:

Back

all persons who are employed or are available for work

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