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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What are the four requirements for production?
💡 Hint: Think of the acronym LLPC.
Question 2
Easy
Give an example of physical capital.
💡 Hint: Consider items that last for years and help in production.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does physical capital include?
- Natural resources
- Tools and buildings
- Stock equipment
💡 Hint: Think about what tools and machines you might find in a factory.
Question 2
True or False: Human capital refers to the physical tools used in production.
- True
- False
💡 Hint: Remember the roles of workers versus tools.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze how an efficient combination of land, labour, and physical capital can lead to increased production in a sustainable farm.
💡 Hint: Consider the practices that improve the synergy of the inputs.
Question 2
Discuss the impact of technological change on physical capital in manufacturing.
💡 Hint: Think about what happens when factories upgrade their machines.
Challenge and get performance evaluation