Economic Problems

1: How Many factors of production are there?

• Two

• Three

• Four

• Five

2: Interest is the reward of __________ factor of production?

• Land

• Labour

• Capital

• Organization

3: What is the reward of Land?

• Rent

• Wages

• Interest

• Profit

4: Economic problems arise due to ________.

• Rent

• Scarcity

• Profit

• Wants

5: Human being can't survive without ____________.

• Wants

• Comfort

• Basic needs

• Desire

6: Due to scarcity people have to make______.

• Buildings

• Shops

• Choices

• Demand