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1. Enterprise is the most mobile because..
A
if you know how to run business, your skills are valuable everywhere
B
if you have lots of money, businesses will take you in
C
if you are famous, you will always have job opportunities
2. Geographic mobility refers to:
A
being able to change the purpose of a factor
B
being able to move from one place to another
C
being able to change your job
3. Who from among the following shows occupational mobility?
A
A teacher who has taught in many different countries.
B
A carpenter who can do many other jobs.
C
An IT expert who has worked in one company all his life.
4. Reward for land is?
A
Salaries
B
Commissions
C
Rent
5. Reward for capital is?
A
Bonuses
B
Interest
C
Rent
6. Which of the following is not a reward for labour?
A
Wages
B
Salaries
C
Rent
7. Reward for entrepreneurship is?
A
Rent
B
Profit
C
Bonuses
8. A doctor attending a conference focused on new methods of treatment for heart disease would be an example of....
A
an increase labor
B
a market failure
C
an increase in human capital
9. Which of the following BEST explains why entrepreneurs take the risk of starting a business?
A
to make profits
B
to have the freedom to make their own choices
C
to make their own hours
10. Literacy, Education and special skills are examples of..
A
Capital Goods
B
Human Capital
C
Natural Resources
11. If a country has old technology and factories, this is a problem with...
A
Capital Goods
B
Labour
C
Land
12. If a country does not allow people to start businesses, this is a problem with
A
Capital Goods
B
Human Capital
C
Entrepreneurship
13. If a country is lacking water and arable land, this is a problem with
A
Capital Goods
B
Human Capital
C
Land
14. If a country has a poor education system and healthcare, this is a problem with
A
Capital Goods
B
Labour
C
Land
15. It relates to factors of production which can be moved from one use to another.
A
Geographical mobility
B
Occupational immobility
C
Occupational mobility