Factors, characteristics, and rewards of production - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 2009

Resources harnessed in certain proportion to create goods and services are?

A. Factors of production
B. Technology and labour
C. Land and entrepreneur
D. Raw materials

Question 17:

• JAMB 2009

Primary production is associated with?

A. Banking
B. Manufacturing
C. Agriculture
D. Construction

Question 18:

• JAMB 2010

Which of the following can be used to differentiate skilled and unskilled labour?

A. Education and training
B. Available resources
C. Level of commitment
D. Salaries and wages

Question 19:

• JAMB 2010

The rewards of rents, wages, interests and profits accrue from?

A. Capital, labour, land and enterpreneur respectively
B. Land, enterpreneur,labour and capital respectively
C. Land, labour, capital and entrepreneur respectively
D. Labour, enterpreneur, land and capital respectively

Question 20:

• JAMB 2010

The factor of production that is subject to depreciation is?

A. Capital
B. Land
C. Labour
D. Entrepreneur