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Production Possibilities Curve is also k...

Production Possibilities Curve is also known as

A

1.Demand curve.

B

2.Supply curve

C

3.Indifference curve

D

4.Transformation curve

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The correct Answer is:
d
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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. The various combinations of goods that can be produced in any economy ...

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  2. Scarcity is a situation in which ……….. .

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  3. Production Possibilities Curve is also known as

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  4. A lot of people die and many factories are destroyed due to floods in ...

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  5. Which of the following is not a subject matter of microeconomics?

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  6. Which of the following is an assumption of Production Possibility Fro...

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  7. Why does an economic problem arise?

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  8. State any two causes of economic problem.

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

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  10. Why does the problem of choice arise?

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  11. Explain three factors that lead to an economic problem.

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  12. Give reasons for the following statements: (i) Every economy has to ...

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  13. Why do all economies have similar central problems?

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  14. Discuss the central problems of an economy.

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

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  16. State the assumptions on which a PP curve is based. Also explain its p...

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  17. Does production take place only on PPC?

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  18. "An economy always produces on but not inside PPC. Defend or refute.

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  19. Why is Production Possibilities Curve concave? Explain

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  20. Give reasons for the following statements: (i) A production Possibil...

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