_____________ said that 'exertion of body or mind' results in labour.

(a)

Alfred Marshall

(b)

Robbins

(c)

Adam Smith

(d)

J.M. Keynes

_____________ is a free gift of nature.

(a)

Land

(b)

Organisation

(c)

Capital

(d)

All of these

Accumulation of more and more physical capital is called ________________

(a)

Physical capital formation

(b)

Money capital

(c)

Labour and capital

(d)

Human capital

The technical relationship that obtains between inputs and outputs is known as

(a)

Factors of production

(b)

Production function

(c)

Entrepreneurial function

(d)

None of these

__________ attract new customers.

(a)

Producer

(b)

Labour

(c)

Successful entrepreneur

(d)

None of these