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What is meant by the problem of "How to ...

What is meant by the problem of "How to produce"?

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This problem deals with the selection of technique i.e. whether to use labour intersive or capital intensive technique in production of goods and services.
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SANDEEP GARG-INTRODUCTION-VERY SHORT TYPE QUESTIONS (1 MARK EACH)
  1. What are the Central Problem of an Economy?

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  2. What is meant by the problem of "What to produce"?

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  3. What is meant by the problem of "How to produce"?

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  4. What is meant by the problem of "For whom to produce"?

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  5. Why the problems of what, hwo and for whom to produce are known as cen...

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  6. Define opportunity cost.

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  7. What is the opportunity cost of an input which has no alternatives use...

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  8. What does production possibility curve look concave to the origin?

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  9. What does a rightward shift of production possibility curve indicate?

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  10. Give examples of 'Growth of resources'.

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  11. When does a PPF shift to the right ?

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  12. Give an example of decrease in resources.

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  13. When is the fuller utilisation of available resources said to have tak...

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  14. What does increasing marginal opportunity cost along of PPF mean?

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  15. State two characteristics of the economic resources which give rise to...

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  16. Harish earn Rs. 10 lakhs per year from his business. He gets an offer ...

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  17. Define Marginal Rate of Transrormation'.

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  18. What do you mena by alternate uses of resources?

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  19. How in any one way can an economy increase its production capacity?

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  20. A country 's resources are fully and efficiently employed. The proble...

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