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A 'production Possibility Frontier' (PP...

A 'production Possibility Frontier' (PPF) is always represented as a upward sloping curve.

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False: A PPF represents different combinations of two commodities that can be produced with the help of available resources in an economy. If an economy decides to produce a larger quantity of one commodity, it would be left with lesser resources to produce another commodity. A downward sloping curve represents this relationship.
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Explore conceptually related problems

What is a production possibility frontier?

Draw and define production possibility frontier. Why is it dwonwards sloping from left to right ?

In what circumtances may the production possibility frontier shift away from the origin? Explain.

FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. A job guarantee scheme will lead to a rightward shift of PPF.

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  2. If a PPF shifts to the right, the new PPF will be parallel to the orig...

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  3. A 'production Possibility Frontier' (PPF) is always represented as a ...

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  4. If the economy operates inside PPC, it shows full utilisation of resou...

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  5. Growth of resources shifts PPC towards left.

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  6. PPC is concave shaped as production of one good can be increased only ...

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  7. Economy can never operate outside PPC with the given resources and tec...

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  8. Economy always operates on PPC.

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  9. Define Marginal Opportunity cost.

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  10. How does Maruti Udyog Ltd. Fix the prices of its cars, is it studied i...

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  11. Whether the cotton textile industry is an example of micro or macroeco...

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  12. "Scarcity and choice go all together" Defend or refute.

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  13. "Only 'Scarce Goods' attract price." Comment.

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

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  15. Massive unemployment will shift PPC to the left. Defend or refute.

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  16. A country's resources are fully and efficiently employed. The problem...

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  17. In an underdeveloped economy why there is the need of efficient utiliz...

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  18. India is a labour abundance and capital scarce economy. Which techniqu...

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  19. A water resources are limited in our country, how can we economise the...

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  20. Scarcity of resources is a universal phenomenon and is not confined to...

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