PRODUCTION

Capital typically refers to _______, tools and _______ that a business uses to produce other goods.

An example of capital-intensive plant or industry is

• A. machete

• B. automated car factory

• C. lawn mower

Capital can be used by industries to increase ______ and ______.

____________ refers to durable capital equipment that can be used repeatedly in the production process.

• A. Working capital

• B. Fixed capital

• C. Venture capital

Capital that is used in the day-to-day operation of a business is referred to as ______________.

• A. working capital

• B. fixed capital

• C. venture capital

Which of the following groups contain the types of production?

• A. Basic, Tertiary and Secondary production

• B. Secondary, Primary and Tertiary production

• C. Primary, Man-made and Tertiary production

The type of production that deals with service is

• A. Secondary production

• B. Tertiary production

• C. Primary production

Production is categorized into levels. These levels are:

• A. Surplus, Domestic, Subsistence

• B. Subsistence, Domestic, Surplus

• C. Domestic, Surplus, Export

• D. Subsistence, Domestic, Surplus, Export

In which level of production are output from the production process enough just for survival?

Output form the production process being enough for both survival and meeting domestic needs and wants, describes which level of production?