Theory of production questions | form five Economics

Find Theory of production examination questions, form five Economics in acaproso.com

#	Question
1	Distinguish “Production in economics” from “Production in general usage” . Discuss the different aspects of the statement that a national may be living on its capital. Long answers
2	Define factors of production Classify the factors of production Long answers
3	Outline the advantages and disadvantages of capitalist production. Long answers
4	Production to the economists is different from production to the general public. Explain When is a nation said to be living on its capital? Short answers
5	What is capital consumption? Outline the probable causes of capital consumption. Short answers
6	Explain briefly the levels carried out in production activities. Discuss the advantages of specialization Long answers
7	Account for the significance of the entrepreneur as a factor of production. Long answers
8	With the help of a well labeled diagram explain the features and implications of a production possibility frontier curve. Long answers
9	Define labour as used in economics Discuss the factors that make labour to be productive Long answers
10	Explain the principles that govern the determination of wages in Tanzania. Short answers

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