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  • Question 1
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    Which of the following is related to the problem 'how to produce'?

  • Question 2
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    In figure, shift of the PPC from $$ab$$ to $$ab_1$$ shows:

  • Question 3
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    Normative economics is based on ___________.

  • Question 4
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    Normative aspects of economics is given by _________.

  • Question 5
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    The usual shape of PPC is ___________towards the origin.

  • Question 6
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    Misallocation of resources could take place in a free-enterprise economy due to which of the following?

  • Question 7
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    _______________ price mechanism operates in a socialist economy.

  • Question 8
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    The planning authority decides 'what to produce' based on which of the following?

  • Question 9
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    In a socialist economy, the central planning authority takes decisions to solve which of the following problems of the economy?

  • Question 10
    1 / -0

    The planning authority of a socialist economy aims at ___________ distribution of income.

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