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  • Question 1
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    The basic assumption regarding resources while drawing a PPC is

     

  • Question 2
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    A PPC is downward sloping and____________ to the origin. Choose the correct option.

     

  • Question 3
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    What is the other name for opportunity cost in economics

     

  • Question 4
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    In a centrally planned economy, the central problems are solved by

     

  • Question 5
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    In a market economy, the central problems are solved by

     

  • Question 6
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    The opportunity cost of a good is

     

  • Question 7
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    The study of jute industry is a macroeconomic study. This statement is

     

  • Question 8
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    Price determination of a commodity is a subject matter of microeconomics.

     

  • Question 9
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    The study of general price level is a macroeconomic study. This statement is

     

  • Question 10
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    Which central problem explains ‘who gets more and who gets less ’? 

     

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