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  • Question 1
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    Which combination of goods cannot be produced with the resources the country has?

  • Question 2
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    Identify the incorrect statement.

  • Question 3
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    In Economics, the 'central economic problem' means __________.

  • Question 4
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    Which of the following statements is not true about positive and normative science ?

  • Question 5
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    Which of the following statements is not true about positive statements?

  • Question 6
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    If the marginal (additional) opportunity cost is a constant then the PPC would be  ____________.

  • Question 7
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    ____________ helps us to understand the problem of scarcity better, by showing what can be produced with given resources and technology.

  • Question 8
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    The PPC does not give the desirable point of production it only indicates the possible combination of __________ that can be produced with the available resources.

  • Question 9
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    Which of the following is a normative economic statement?

  • Question 10
    1 / -0

    If a point falls inside the production possibility curve, what does it indicate?

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