Introduction to...

The problem of ‘ How to produce’ is making a choice between

The positive economic analysis deals with the variables

The subject of a Microeconomic study is

Capital intensive technique would get chosen in

Positive economic analyses

What causes an economy to produce more of Good X and no less of Good Y?

A Production Possibility Frontier shifts rightward if

A movement along a PPC implies

As they see Opportunity cost means

Can there be an economy without economic problems

What does a point below a PPC show

The normative economic analysis deals with the variables

Larger production of ___________ goods would lead to higher production in the future.

Who gets how much in an economy is best described by which of the following central problems?

What to produce also deal with what quantities to produce.

Labour intensive technique would get chosen in

The basic economic problem arises in

Normative economics analyses

All attainable combinations will lie

Does production takes place only on PPC?

The branch of economics dealing with the problem of allocation of resources is

Any allocation of resources result in

Increasing MOC mean

Microeconomics studies the behaviour of

All unattainable combinations will lie