The basic economic activities put in order are
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Do you agree that the PPC indicates maximum production capacity of an economy
The shape of an ideal PPC is due to which of the following
A PPC can be a straight line due to which of the following
PPC is a mathematical tool for an economy to solve:
The perspective of positive economic analysis to study the economic mechanisms is
The perspective of normative economic analysis to study the economic mechanisms is
The Marginal opportunity cost of producing Good X is
If an economy was producing 10 billion tonnes of steel and 3 billion tonnes of wheat. What will be the opportunity cost of producing wheat if it was producing 15 tonnes of steel and 2 billion tonnes of wheat?
Marginal Rate of Transformation: The rate at which one good must be sacrificed in order to produce a single extra unit (or marginal unit) of ..........
Improvement in technology shifts PPC to the right because
If many people die due to an earthquake, it will shift the country’s PPC to the
If many people die due to a flood, it will shift the country’s PPC to the
If there is a recession, it will shift the country’s PPC to the
For a farmer increasing sacrifice of potatoes for each unit of onions will produce _______ shape of his PPC.
A tutor earns Rs. 1000 per hour teaching economics. If he joins a school, he would earn on an average Rs. 300 per hour. What is the opportunity cost of teaching in school?
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1365 videos|1312 docs|1010 tests
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