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Draw a production possibility curve and ...

Draw a production possibility curve and show the following situations on the diagram.
(a) Full employment of resources, (b) Under utilisation of resources and (c) Economic growth.

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RADHA BHUGANA-INTRODUCTION-Short Answer Type Questions
  1. Define and draw a production possibility curve. What does the movement...

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

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

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

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

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

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

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

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  9. Distinguish between Microeconomics and Macroeconomics.

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

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

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

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  13. Why is a production possibility curve downward sloping ?

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

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

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

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

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

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  19. State the meaning and properties of PPF.

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  20. Explain the meaning of opportunity cost with the help of an example.

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