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Introduction Te...

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  • Question 1
    1 / -0

    Which of the following illustrates a decrease in the unemployment using the PPC ?

  • Question 2
    1 / -0

    The problem of 'What to produce' covers the issue relating to :

    (a) Which goods are be produced
    (b) What quantities of goods to be produced

  • Question 3
    1 / -0

    Opportunity Costs arise :
    (a) When there is only course of action
    (b) When there are two or more alternative courses of action

  • Question 4
    1 / -0

    Production Possibility Curve is curve which shows :

  • Question 5
    1 / -0

    What does a rightward shift of Production Possibility Curve indicates ?

  • Question 6
    1 / -0

    Which of the following is an example of microeconomics ?

  • Question 7
    1 / -0

    Which of the following is a subject matter of macroeconomics ?

  • Question 8
    1 / -0

    Consider the following table :

    Production

    Possibilities

    A

    B

    C

    D

    E

    Guns (Units)

    0

    1

    2

    3

    4

    Butter (Units)

    10

    9

    7

    4

    0

    The opportunity cost of increasing guns production from 2 to 3 units is ---------- units of butter.

  • Question 9
    1 / -0

    In Economics, a good is something which

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