Second term mid test on Economics for ss2 ,2026

Welcome to your Second term mid test on Economics for ss2 ,2026

SUBJECTIVES

1. Human effort used in production is called ........

2,The production of raw materials such as cocoa,crude oil and and timber is known as .......

3. Processing raw materials into finished goods is an example of ........ production.

4. The provision of medical services is an example of ...., production.

5. Goods that are used directly to satisfy human wants are called......

6. Machines, tools and equipment used in production is an example of............good.

7. One durable good I know is ...........

8. The factor of production that includes natural , resources like water and minerals is referred to as........

9.One feature of land know is that...

10. The reward for Labour is.......

Theory: Answer all

1. Define land (b)State any two characteristics of land. (c) land is said to be fixed why?

2. Write short notes o the following: ( a) durable goods. (b) Capital and consumer goods

3.State the law of diminishing returns.

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