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Central problems are found only in the d...

Central problems are found only in the developing economies like India and Bangladesh and not in developed countries like USA.

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Central problems are found in all economies (both developed and developing economies) as every economy faces problem of scarcity of resources.
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SANDEEP GARG-INTRODUCTION-TRUE AND FALSE
  1. The problem of 'how to produce' incolves choice between consumer goods...

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  2. Economy always operates on production possibility frontier.

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  3. Macroeconomics deals with study of cotton extile industry.

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  4. If the economy is operating inside the production possibility frontier...

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  5. Central problems are found only in the developing economies like India...

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  6. Production possibility frontier shifts towares right when an economy m...

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  7. Economy can never operate outside the production poddibility frontier ...

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  8. Production poddibility frontier is concave shaped as production of one...

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  9. The problem of price determination of a product comes under the purvie...

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  10. Growth of resources shifts the production possibility frontier towards...

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  11. Microeconomics is concerned with study of problems of the economy like...

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  12. Microeconomics and macroeconomics are independent branches of economic...

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  13. The opportunity cost of a machine which can produce only one product i...

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  14. Economising of resources refer to saving resources of future use.

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  15. No Scarcity' means no economic problem.

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  16. The part of economics which deals with the question of what, how and f...

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  17. Production Possibility Curve shows the point at which the economy actu...

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