Home
Class 12
ECONOMICS
If the economy operates inside PPC, it s...

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

Text Solution

Verified by Experts

False: If economy operates inside PPC, it shows underutilsation of resources.
Promotional Banner

Topper's Solved these Questions

  • ELASTICITY OF DEMAND

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|114 Videos
  • MARKET EQUILIBRIUM WITH SIMPLE APPLICATIONS

    FULL MARKS|Exercise MORE QUESTIONS SOLVED (VIlI. APPLICATION BASED QUESTIONS )|7 Videos

Similar Questions

Explore conceptually related problems

Economy always operates on PPC.

In an underdeveloped economy why there is the need of efficient utilization of resources?

FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. If a PPF shifts to the right, the new PPF will be parallel to the orig...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  4. Growth of resources shifts PPC towards left.

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  7. Economy always operates on PPC.

    Text Solution

    |

  8. Define Marginal Opportunity cost.

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  20. The problems of scarcity of resources and their alternate uses arise e...

    Text Solution

    |