Production Analysis — Practice Quiz
Telangana Open School (TOSS) · Class 12 · Economics
Try a 4-question quiz on Production Analysis for Telangana Open School (TOSS) Class 12 Economics: tap an answer to check it and see why.
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Quick Quiz: Production Analysis
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What is the main purpose of production in economics?
Which of the following is NOT a factor of production?
In economics, what does 'land' include?
Labour in economics means:
Sample Questions
Which factor of production earns profit as its reward?
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Entrepreneur
The entrepreneur organizes other factors and takes risks, earning profit as a reward.
What is the reward for capital?
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Interest
Capital is man-made and used in production; its reward is interest.
Which of the following is a man-made factor of production?
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Capital
Capital includes tools, machines, and buildings made by humans to aid production.
What does the production function show?
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The relationship between inputs and output
The production function shows how much output can be produced with given inputs and technology.
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