This quiz works best with JavaScript enabled. Home > Production > Productivity > Productivity – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Productivity Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. All of the following are essential questions societies must answer about production EXCEPT A) What to Produce. B) When to Produce. C) How to Produce. D) For Whom to Produce. Show Answer Correct Answer: B) When to Produce. 2. Goods used as inputs in the production process A) Producer goods. B) Intermediate goods. C) Final good. D) Consumer good. Show Answer Correct Answer: B) Intermediate goods. 3. Unlimited desires and limited resources is the problem of A) Wants. B) Marginal benefit. C) Scarcity. D) Free enterprise. Show Answer Correct Answer: C) Scarcity. 4. Which factor of production is best for changing from labour intensive to capital intensive? A) Target Market. B) Technology. C) Resources. D) Standards. Show Answer Correct Answer: B) Technology. 5. Which of the following is LEAST likely to increase productivity? A) Increased manufactured protection. B) Investment in physical capital. C) Investment in human capital. D) Innovative production methods. Show Answer Correct Answer: A) Increased manufactured protection. 6. An example of job production is A) Kitchen design. B) Car manufacturing. C) Teaching. D) Raw materials. Show Answer Correct Answer: A) Kitchen design. 7. If a business quality is not maintained then the business will: A) Gain customers. B) Increase sales. C) Build brand loyalty. D) Lose Customers. Show Answer Correct Answer: D) Lose Customers. 8. Goods used by customer A) Producer goods. B) Intermediate goods. C) Final service. D) Consumer good. Show Answer Correct Answer: D) Consumer good. 9. What are the factors of production? A) Taxes, gov't, laws. B) Land, labor, capital. C) Money, trade, markets. D) Private property, productivity, time. Show Answer Correct Answer: B) Land, labor, capital. 10. What are three ways businesses can improve productivity? A) New workers, technology, money. B) Trained workers, technology, money. C) Trained and educated workers, equipment, technology. D) None of above. Show Answer Correct Answer: C) Trained and educated workers, equipment, technology. 11. A disadvantage of Job production is A) Similar products are produced. B) There are usually higher costs involved. C) There are too many skilled people available. D) None of above. Show Answer Correct Answer: B) There are usually higher costs involved. 12. What is GDP per capita? A) The GDP of the country divided by its population. B) The net amount of exports divided by population. C) The net amount of imports divided by the number of capitals. D) The number of geriatric prisoners per year per capital. Show Answer Correct Answer: A) The GDP of the country divided by its population. 13. This measure relates to how we produce? A) Value-adding. B) Production. C) Productivity. D) Economic growth. Show Answer Correct Answer: C) Productivity. 14. Production (Making parts Assembling chairs) A) Yes, I understand this from the notes. B) No, I don't understand this from the notes. C) No, I don't understand this, as I have not read the notes. D) None of above. Show Answer Correct Answer: A) Yes, I understand this from the notes. 15. Productivity is the output per factor employed A) Yes, I understand this from the notes. B) No, I don't understand this from the notes. C) No, I don't understand this, as I have not read the notes. D) None of above. Show Answer Correct Answer: A) Yes, I understand this from the notes. 16. An example of batch production is A) Bakery. B) Tailor. C) Garden design. D) Car manufacturing. Show Answer Correct Answer: A) Bakery. 17. In our "playdough economics" activities what represented specialization? A) The playdough. B) Workers doing one part of the job. C) The tools. D) The final product. Show Answer Correct Answer: B) Workers doing one part of the job. 18. When markets and governments decide how wealth, money, and goods and services are distributed, what basic economic question are they answering? A) How to produce?. B) For whom to produce?. C) How much money should be printed?. D) What to produce?. Show Answer Correct Answer: A) How to produce?. 19. What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing just their small part? A) Tasking. B) Mandating. C) Division of labor. D) Task multiplication. Show Answer Correct Answer: A) Tasking. 20. Which of these is a service? A) Jogging shoes. B) Plumbing. C) Readymade dress. D) Birthday cake. Show Answer Correct Answer: B) Plumbing. ← PreviousNext →Related QuizzesProduction QuizzesProductivity Quiz 1Productivity Quiz 2Productivity Quiz 4Productivity Quiz 5 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books