Question

Assertion (A): Every production is organised by combining land,
labour, physical capital, and human capital.

Reason (R): The aim of production is to produce the goods and services
we want.

a) Both A and R is true and R is the correct explanation of A.

b) Both A and R is true but R is not the correct explanation of A.
C) A is true but R is false.

d) A is false but R is true.

Assertion (A): Small farmers have to arrange capital by borrowing.
Reason (R): They have to buy seeds and water for irrigation and also to
pay back the loan with a high rate of interest. a) Both A and R is true
and R is the correct explanation of A.

b) Both A and R is true but R is not the correct explanation of A.

C) A is true but R is false.

d) A is false but R is true.

Assertion (A): Land and capital are scarce factors of production.
Reason (R): Land and capital are practically fixed and their quantities
cannot be increased.

a) Both A and R is true and R is the correct explanation of A.
b) Both A and R is true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.

Answer 1

Answer:

B is correct option

Explanation:

nothing

Answer 2

Answer:

1. a) Both A and R is true and R is the correct explanation of A.

2. a) Both A and R is true and R is the correct explanation of A.

3. c) A is true but R is false

Hope it helps you