Self Studies
Self Studies
Self Studies
Self Studies

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  • Question 1
    1 / -0

    Scarcity is a situation when demand for goods is:

  • Question 2
    1 / -0

    Greater scarcity implies:

  • Question 3
    1 / -0

    Scarcity is an issue which relates to:

  • Question 4
    1 / -0

    Which of the following is an example of basic economic activity?

  • Question 5
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    Which of the following is related to the problem ‘for whom to produce’?

  • Question 6
    1 / -0

    Less production of capital goods implies:

  • Question 7
    1 / -0

    Decisions on the central problems in a centrally planned economy are taken by:

  • Question 8
    1 / -0

    In case resources of an economy are reduced, the PPC will:

  • Question 9
    1 / -0

    The information given below shows the possibilities of employment of Mr. X:

    Possibility 1: Employment in firm-A at the wage of 1,500 P.M.

    Possibility 2: Employment in firm-B at the wage of 2,500 P.M.

    Possibility 3: Employment in firm-C at the wage of  4,000 P.M.

    Find the opportunity cost of Mr. X

  • Question 10
    1 / -0

    If marginal rate of transformation is constant, PPC will be:

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