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Economics

Economics · Quick practice · answer shown after each question

Production

Question 1 of 10

Question 1 of 10

Average product is

Question 2 of 10

Question 2 of 10

Breaking production into small tasks done by different workers is

Question 3 of 10

Question 3 of 10

Production is complete when the goods

Question 4 of 10

Question 4 of 10

The production function Q = f(L, K) shows

Question 5 of 10

Question 5 of 10

The mobility of labour refers to

Question 6 of 10

Question 6 of 10

The reward for labour as a factor of production is

Question 7 of 10

Question 7 of 10

Capital as a factor of production refers to

Question 8 of 10

Question 8 of 10

Who organises the other factors of production and bears the risk?

Question 9 of 10

Question 9 of 10

Returns to scale refer to changes in output when

Question 10 of 10

Question 10 of 10

Tertiary production includes

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.