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PPC is concave shaped as production of o...

PPC is concave shaped as production of one good can be increased only by reducing quantity of another good.

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False: PPC is concave shaped due to increasing marginal opportunity cost.
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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. If the economy operates inside PPC, it shows full utilisation of resou...

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  2. Growth of resources shifts PPC towards left.

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

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

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  5. Economy always operates on PPC.

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  6. Define Marginal Opportunity cost.

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

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

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

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

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

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

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

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

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

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

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

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

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  19. Although water is useful, yet it is cheap. On the contrary, diamond is...

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  20. Why is it that on one hand coal is found in plenty, yet it is scarce w...

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