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  • Question 1
    1 / -0

    The difference between the positive and normative approach in economics is that ___________.

  • Question 2
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    By scarcity of productive resources we mean ______.

  • Question 3
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    Higher PPC curve indicates _______.

  • Question 4
    1 / -0

    Economic efficiency means _______.

  • Question 5
    1 / -0

    Senior citizen deserve hike in pension and better medical care. This is a ______________ statement.

  • Question 6
    1 / -0

    Which of the following is not a central problem of a society?

  • Question 7
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    Which of the following is a normative statement?

  • Question 8
    1 / -0

    To reduce pollution, government should impose heavy penalty on polluting vehicles. This is a __________ statement.

  • Question 9
    1 / -0

    PPF is negative sloped due to ________.

  • Question 10
    1 / -0

    Production Possibility curve helps in __________.

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