51 Which is an important idea for predicting economic changes?

Equilibrium

52 The three productive resources are land, labor and

Capital

53 Production is the transformation of resources into

Economic goods and services

54 Output are the economic goods produced by firms

Firms

55 How many factors do we need for the production of goods?

4 (Four)

56 With the increases in production the standard of living of a country

Rises

57 With intensive cultivation, the productivity of a land can be

Increased

58 According to Malthus population increases by which kind of progression?

Geometric

59 Structural Unemployment due to mechanization of

Agriculture

60 The Proportion of population working or looking for work is the labor force

Participation rate