Factors of Production Fill in the blanks Set 05

Factors of Production 

Fill in the blanks Set 05

1. Economics deals with ...........................
Ans: social problems
 
2. In the modern world people want to consume a ........................ of goods.
Ans: large number
 
3. The production of any goods or service inevitably requires all ....................
Ans: four factors inputs
 
4. The producer combines the factors of production in the .........................
Ans: right proportion
 
5. Air, sunlight, earth, forest, rivers and minerals are classified as ........................
Ans: land
 
6. Land cannot be ...................... by man.
Ans: destroyed
 
7. Lands differ in .....................
Ans: fertility
 
8. Land is a .......................... factor of production.
Ans: passive
 
9. Labour may be ....................... or ....................... 
Ans: physical, mental
 
10. The reward paid to labour as a factor of production is called ..........................
Ans: wages