CRD206
Question: Capital can be classified into__________ groups
Answer: three (3)
Question: A production ________ gives the total quantity of output of a given commodity that can be produced from a specified combination of factor inputs
Answer: function
Question: ___________ capital refers to productive wealth jointly owned by the members of the community
Answer: social
Question: __________factors are also referred to as edarphic factors
Answer: Soil
Question: The _________ product of a factor is the total output divided by the number of units of that factor used in producing the output
Answer: average
Question: Capital goods are also known as __________
Answer: producer
Question: Hospitals, libraries, pipe-borne water, electricityare examples of ___________ capital
Answer: social
Question: Under ________ management decision making, decisions are not easily reversible
Answer: strategic
Question: __________ capital refers to investment in the education and technical training of an individual
Answer: human
Question: ________ is defined as the different quantities of commodity which producers are willing and able to offer for sale at a specified price and at a particular time
Answer: supply
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