Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

Natural resources, emanating from land, play an important role in the economic development of a country.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

More the natural resource a country has ,more prosperous it becomes.As the per capita resource gets increased,production increases and hence the economy gets richer.

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

The productivity of land can be ________ with the help of improved seeds, chemical manures, and machines.

  1. minimized

  2. maximized

  3. diminished

  4. weakened
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Improved seeds(HYV seeds), chemical manures and machines(like tractors,improved irrigation facilities) assist in maximizing the productivity of land, since they would bring in efficiency in the production process.

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

The productivity of land is determined by its natural qualities and its _________.

  1. location

  2. organizer

  3. ownership laws

  4. fertility
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Fertility of land is one of the factor which is responsible for measuring the productivity of land. More fertile the land is, more will be the production of crops (output).

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

The State's negligence towards agriculture is regarded as one of the main causes of agricultural backwardness. This results in low productivity.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sometimes the State is unable to improve the conditions of agricultural sector. Proper investment in this area is often neglected by the state. Hence, the State's negligence towards agriculture can result in low productivity of land which will result the economy to fall in an low equilibrium trap.

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

For better agricultural productivity, the location of land near __________ is desirable.

  1. mineral resources

  2. power resources

  3. water resources

  4. animal resources
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Water resources close to farm lands is essential for better productivity due to better irrigation. This s especially important in under developed and developing countries as they lack infrastructure to for proper irrigation facilities. 

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

The competence and ability of a __________ directly affects the productivity of land.

  1. fisherman

  2. milkman

  3. farmer

  4. lawyer
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The skills and the competence of the farmers is proved to directly increase the productivity of the land under cultivation. This is because a skilled and competent labour force is necessary to optimally use the inputs from land to maximise output.