Commerce Exam > Commerce Notes > Economics Class 11 > High Order Thinking Skills Questions - Introduction Micro Economics
High Order Thinking Skills Questions - Introduction Micro Economics | Economics Class 11 - Commerce PDF Download
Q.1. Explain properties of Production Possibility Curve (PPC). (Delhi 2010c)
Ans. Production Possibility Curve (PPC) has two basic properties that are as follows:
(a) PPC is downward sloping Downward slope of PPC indicates that if the country wants to produce more of one good, it has to reduce the production of other good.
(b) PPC is concave to origin Concave shape of PPC means that slope of PPC increases as in this concept production will obey the law of increasing opportunity costs or increasing Marginal Rate of Substitution.
Q.2. Does massive unemployment shift the PPC to the left?
Ans. Massive unemployment will shift the PPC to the left because labour force remains underutilized. It will imply that the country’s resources are lying idle when they could have been used for some productive purposes like farming, manufacturing, etc.
Q.3. What does the slope of PPC show?
Ans. The slope of PPC indicates the increasing marginal opportunity cost.
Q.4. Unemployment is reduced due the measures taken by the government. State its economic value in the context of Production Possibilities Frontier.
Ans. When government taken measures to reduce the unemployment it enables the economy to utilize its existing resources in the optimum manner and moves from inside the PPC to points on the PPC. Hence, economic value is reflected in terms of increased output arid income.
Q.5. From the following PP schedule calculate MRT of good x.
Ans.
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FAQs on High Order Thinking Skills Questions - Introduction Micro Economics - Economics Class 11 - Commerce
| 1. What are high order thinking skills in microeconomics? |  |
Ans. High order thinking skills (HOTS) refers to the ability to analyze, synthesize, evaluate, and apply information to solve complex problems in microeconomics. These skills go beyond simple recall or rote memorization of concepts and require critical thinking and application of knowledge.
| 2. Why are HOTS important in microeconomics exams? | |
Ans. HOTS are important in microeconomics exams because they assess a student's ability to think critically and apply knowledge to real-world scenarios. These skills are essential for success in higher education and the workforce, as they allow individuals to solve complex problems and make informed decisions.
| 3. What are some examples of HOTS questions in microeconomics exams? | |
Ans. Examples of HOTS questions in microeconomics exams may include analyzing the impact of a government policy on market outcomes, evaluating the effectiveness of different pricing strategies for a firm, or synthesizing information from multiple sources to make a recommendation for a business decision.
| 4. How can students develop HOTS in microeconomics? | |
Ans. Students can develop HOTS in microeconomics by practicing critical thinking and problem-solving skills through activities such as case studies, group projects, and analyzing real-world economic situations. Additionally, seeking feedback from professors and peers can help students refine their skills and improve their ability to apply knowledge to complex problems.
| 5. What is the importance of HOTS in the field of microeconomics? | |
Ans. HOTS are important in the field of microeconomics because they enable individuals to think critically about economic concepts and apply them to real-world situations. This is essential for success in careers such as business, finance, and policy, as it allows individuals to make informed decisions and solve complex problems. Additionally, HOTS are increasingly valued by employers, making them a valuable asset in the job market.
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