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  • Question 1
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    The basic economic activities put in order are

  • Question 2
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    A PPC can shift its position if and only if

  • Question 3
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    Do you agree that the PPC indicates maximum production capacity of an economy

  • Question 4
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    Can a PPC rotate along the X axis also

  • Question 5
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    The shape of an ideal PPC is due to which of the following

  • Question 6
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    A PPC can be a straight line due to which of the following

  • Question 7
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    PPC is a mathematical tool for an economy to solve:

  • Question 8
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    The perspective of positive economic analysis to study the economic mechanisms is

  • Question 9
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    The perspective of normative economic analysis to study the economic mechanisms is

  • Question 10
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    The Marginal opportunity cost of producing Good X is

  • Question 11
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    If an economy was producing 10 billion tonnes of steel and 3 billion tonnes of wheat. What will be the opportunity cost of producing wheat if it was producing 15 tonnes of steel and 2 billion tonnes of wheat?

  • Question 12
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    Marginal Rate of Transformation: The rate at which one good must be sacrificed in order to produce a single extra unit (or marginal unit) of ..........

  • Question 13
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    If MOC increases, the shape of PPC will be

  • Question 14
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    If MOC decreases, the shape of PPC will be

  • Question 15
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    If MOC is constant, the shape of PPC will be

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