5%

Question 1 of 20

1. Production is complete when

WASSCE 2008

Question 1 of 20

Question 2 of 20

2. Land as a factor of production has the following characteristics except that it is

WASSCE 2006

Question 2 of 20

Question 3 of 20

3. Labour, land and capital are all

SSSCE 1999

 

Question 3 of 20

Question 4 of 20

4. Which of the following factors of production earns profit?

WASSCE 2011

Question 4 of 20

Question 5 of 20

5. The price paid for human effort in production is

SSSCE 1996

Question 5 of 20

Question 6 of 20

6.

Wages are the price paid for

SSSCE 1998

Question 6 of 20

Question 7 of 20

7. In Economics, all the following constitute land except

 SSSCE 1999

Question 7 of 20

Question 8 of 20

8. Which of the following are functions of entrepreneur?

I.        Distributing profit

II.      Breaking the bulk

III.    Providing capital

IV.     Combining factors of production

 SSSCE 2003

Question 8 of 20

Question 9 of 20

9. Land as a factor of production is

SSSCE 2001

Question 9 of 20

Question 10 of 20

10. One advantage of division of labour is that

WASSCE 2010

Question 10 of 20

Question 11 of 20

11. A major function of the entrepreneur is to

WASSCE 2010

Question 11 of 20

Question 12 of 20

12. Yam can be regarded as a capital good if it is

WASSCE 2011

Question 12 of 20

Question 13 of 20

13. All the following are true of the entrepreneur except

WASSCE 2007

Question 13 of 20

Question 14 of 20

14. Productivity of labour is obtained by the

WASSCE 2006

Question 14 of 20

Question 15 of 20

15. A government that seeks to increase labour productivity will spend more on

 SSSCE 2005

Question 15 of 20

Question 16 of 20

16. Which of the following is a result of division of labour?

  SSSCE 2005

Question 16 of 20

Question 17 of 20

17. A school is an example of

    SSSCE 2003

 

Question 17 of 20

Question 18 of 20

18. A stock of physical assets used for production is known as

WASSCE 2008

Question 18 of 20

Question 19 of 20

19. Raw materials forms part of a firm's

WASSCE 2010

Question 19 of 20

Question 20 of 20

20. Combining factors of production is the role of

 SSSCE 1999

 

Question 20 of 20