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Define and draw a production possibility...

Define and draw a production possibility curve. What does the movement along this curve show ?

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Draw a production possibility curve. What does a point below this curve indicate ?

Draw a production possibility frontier. What does a point below this curve indicate ? Explain.

Why is production possibility curve also called opportunity cost curve?

RADHA BHUGANA-INTRODUCTION-Short Answer Type Questions
  1. Explain the central problem of 'for whom to produce' with the help of ...

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  2. How can a production possibility curve solve economic problems faced b...

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  3. Define and draw a production possibility curve. What does the movement...

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  4. Draw and define a production possibility curve. Why is it downward slo...

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  5. Draw a production possibility curve. What does a point below this curv...

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  6. Why is production possibility curve called the opportunity cost curve ...

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  7. Draw a production possibility curve and show the following situations ...

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  8. Explain the meaning of opportunity cost with the help of production po...

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  9. Calculate marginal opportunity cost in the following example. Plot the...

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  10. Explain the central problem of distribution in an economy.

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  11. Distinguish between Microeconomics and Macroeconomics.

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  12. Explain the slope of a production possibility frontier/curve.

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  13. How is Production possibility curve affected by unemployment in the ec...

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  14. Production in an economy is below its potential due to unemployment, g...

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  15. Why is a production possibility curve downward sloping ?

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  16. What is likely to be the impact of "Make in India" appeal to the forei...

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  17. What is likely to be the impact of efforts towards reducing unemployme...

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  18. The government establishes a large number of institutes of science and...

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  19. Why do central problems of an economy arise ? Explain the central prob...

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  20. Define MOC. Explain the concept with a hypothetical numerical example.

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