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Grade 08: Weekly Assignment 04

WEEKLY ASSIGNMENT 04
Grade: 08           
Date: 
Due on: 
Class:

Index:
Name:


Exercise 01. Complete the following table.
Factor of Production
Example
Reward
1. Land


2.

Salary
3.
Machinery

4. Entrepreneur



Exercise 02. State whether the following statements are True (T) or False (F)


T/F
01
Land is a gift of nature

02
Land is a human resource

03
Land is not a permanent fixture

04
Land is not fixed in supply

05
Land is geographically mobile

06
Land is occupationally mobile


Exercise 03. Complete the following.
1















2















3















4















5















6















7
















1.     Making the most of what we have.
2.     Using up of goods and services.
3.     Those resources which are not renewable.
4.     A Greek word which means ‘household management’.
5.     Production of real capital goods.
6.     Selecting between items.
7.     Not enough in supply.

Exercise 04. From the jumbled letters given below identify no less than 18 economic terms and write the terms in the spaces provided. 

L
A
N
D
W
A
C
H
O
I
C
E
A
D
E
S
A
L
A
R
Y
S
O
C
B
E
E
R
G
O
P
X
C
V
U
O
O
R
D
I
E
S
I
N
P
U
T
N
U
Y
S
N
S
S
T
G
N
B
P
O
R
E
N
T
H
Y
A
R
N
B
U
M
U
I
L
E
S
A
L
A
R
Y
T
Y
I
M
P
R
O
F
I
T
E
R
F
G
E
N
T
E
R
P
R
I
S
E
V
B
V
B
M
S
E
H
S
F
G
H
J
K
C
O
S
T
T
G
S
U
P
P
L
Y


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2.     ……………………………….
3.     ……………………………….
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5.     ……………………………….
6.     ……………………………….
7.     ……………………………….
8.     ……………………………….
9.     ……………………………….
10.  ……………………………….

11.  ……………………………….
12.  ……………………………….
13.  ……………………………….
14.  ……………………………….
15.  ……………………………….
16.  ……………………………….
17.  ……………………………….
18.  ……………………………….
19.  ……………………………….
20.  ………………………………

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